In a groundbreaking development for the Web3 creator economy, Transak has officially integrated with LUKSO’s Universal Profiles, strengthening Transak’s position as the premier on-ramp solution within the LUKSO blockchain ecosystem. This integration marks a major milestone in the ongoing partnership between Transak and LUKSO, first announced in November 2023. The primary focus of this partnership is to streamline the process of entering the blockchain space, especially for newcomers to creative industries such as social media and gaming. .
📣 We’re excited to drive the Web3 creator economy through our integration with @lukso_io’s Universal Profiles, positioning @Transak as the on-ramp solution of choice in the #LUKSO ecosystem. 🚀🎨pic.twitter.com/w29SbLzOWh
— Transak (@Transak) February 15, 2024
Streamlining Access to Blockchain for Newcomers to the Creative Economy
With Goldman Sachs predicting that the creative economy will reach $500 billion by 2027, the integration of blockchain technology and cryptocurrencies into an ownership-driven web is becoming increasingly important. As a Layer-1 EVM blockchain, LUKSO is at the forefront of this evolution. By integrating Transak’s On-Ramp solution, LUKSO aims to address a critical need in the creative economy: simplifying access to blockchain and crypto spaces.
This integration allows users to effortlessly acquire $LYX, LUKSO’s native blockchain token, using well-known payment methods such as credit/debit cards, bank transfers or supported payment apps. LUKSO and Transak’s global reach, operating in more than 160 countries, including major markets such as the UK, Europe, Australia, India and the Philippines.
While LUKSO’s innovative features such as Universal Profiles (UPs) and gasless transactions have already simplified user interactions within the ecosystem, the addition of Transak’s solution addresses the last major hurdle: the ease of obtaining native tokens. This integration is critical to ensure that the complexity of blockchain technology does not prevent creative individuals and developers from exploring this space.
Drive mass adoption and simplify access with Transak integration
Fabian Volgesteller, co-founder of LUKSO, highlighted the platform’s goal to onboard 99% of people who have yet to use blockchain, highlighting accessibility and usability as key ingredients for blockchain growth.
Transak, a global provider of web3 payments and onboarding infrastructure, facilitates seamless transitions between traditional financial and crypto assets. With a product suite including robust fiat-to-crypto services, a fiat-to-smart contract solution and a fiat-to-NFT settlement solution, Transak supports the onboarding of over 161 crypto assets spanning over 74 blockchains.
Founded by Fabian Vogelsteller and Marjorie Hernandez, LUKSO is a next-generation EVM blockchain that is revolutionizing the way creators and users interact with blockchain technology in the new creative economies.
By integrating Transak into its Universal Profiles, LUKSO is taking a significant step toward mass adoption within the Web3 creator economy, ultimately simplifying access to blockchain and crypto assets for creators worldwide.