Lukso, a layer 1 blockchain for creatives co-founded by blockchain veterans Fabian Vogelsteller and Marjorie Hernandez, goes live with “Universal Profiles” on the main network.
The feature is at the core of the blockchain ecosystem and can be used for a variety of decentralized applications (e.g. social media, NFTs, payments), integrating creator activity under one smart contract-based account that is supposed to be more than just a wallet address.
Hernandez said in a press release that Universal Profiles can be compared to a Swiss army knife: “multifunctional and essential.”
“Universal profiles will be adopted across the creative industries and used not only for people and creators, but also for AIs, objects and more,” said Hernandez.
Lukso launched its main network earlier this year and Universal Profiles has been on a test network since September.
Vogelsteller is known as the godfather of the ERC-20 token, having helped invent the ubiquitous standard while working at the Ethereum Foundation before leaving in 2018 to pursue Lukso.
“The problem we are solving is multi-faceted,” Vogelsteller told CoinDesk in an interview. “This is not just a new kind of fancy wallet, this is a complete and very flexible account system that on the one hand has a face, but you can also interact with any smart contract, whatever people create.”
Read more: Inventor of Ethereum’s ERC-20 token standard plans New Blockchain ‘LUKSO’ for creative types