TL;DR
This week’s Wealth Mastery Altcoin Review will be taking a look at LUKSO Network & The Creative Economy it’s planning to liberate. Reaching an estimated $100 billion dollars this year, the creator economy is serious business. With over 200 million influencers and creators fueling this economy (it’s “literally” in the title), they’ve only managed to capture $16 billion of its value. The hard reality is that even if you manage to gain an audience for your content. The corporate gatekeepers could care less about rewarding you for it. This way of doing business with creators is not sustainable and no longer acceptable. That’s where the underrated LUKSO Network comes into play.
While it may be true that Twitter has recently been liberated from its psyops mission as the US government’s information censorship tool. That’s not the case for many companies that still stifle information by censoring content. The recent TikTok uproar also shines a light on where all this content is stored. Upset the Facebook overlords and you could find yourself in a time-out.
Blockchain technologies allow ownership and access rights that are not available anyplace else. It’s the perfect landscape for the creative economy to grow into something incredible. We’ve seen this accomplished for a short time in the past by Steemit. Unfortunately, infighting and central control showed its ugly face and ruined what could have been a great thing. But, the blueprint for this type of system has already been minted. Now all it needs is a project with the resources and technology to take the decentralized creator economy to the finish line. That project might just be LUKSO.
What is LUKSO Network?
At its core, LUKSO Network is an Ethereum-compatible Layer-1 blockchain that uses a Casper Proof of Stake method of reaching consensus. Created by well-known blockchain veteran Fabian Vogelstellar and product wizard Marjorie Hernandez. LUKSO has carried a certain level of professionalism since the start of its development back in 2020. Since then, the LUKSO Network has been focused on developing the tools necessary to provide creators with better options.
Coming to fruition last month, LUKSO reached a major milestone and transitioned the network to Mainnet. In this short time frame, the LUKSO Network has already gained over 10,000 validators to secure the network. This is less surprising when you consider that its Founder Fabian worked with the Ethereum Foundation to develop the Ethereum Wallet and web3.js software stack. Even then, he made sure to have the network audited by two independent companies before launching it.
That’s because LUKSO has big things in store for network participants with ten specific use cases to drive its network effects.
- Designer ICOs: LUKSO wants to offer professionals a better way to raise the funds necessary to create meaningful products on LUKSO. This system would allow custom token offerings that target specific investors.
- Provenance Services: Ownership is a big thing, which is why LUKSO is developing provenance services for organizations that want transparency and authenticity in their products.
- IP Rights: Assisting with provenance is LUKSOs Smart IP Rights contracts. These contracts help stop counterfeiting and provide digital rights to intellectual property…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
