Creators can incorporate “smart IP rights” into their physical, digital, and virtual works. They facilitate provenance authentication and anti-counterfeiting; IP transactions; IP right audits; digital rights management and IP clearing.

By establishing digital identities for physical products, creators can enable their digital ownership, continuously gather their unique and singular data history, and have lasting and direct access to their owners. The newfound knowledge about a product redefines its unique value.

Creative professionals are able to tap into an alternative source of funding for their projects by offering customized tokens on the LUKSO network to specific audiences, who can then allocate their funds to the projects they wish to support.

The LUKSO blockchain supplements the hyper-real virtual fashion experiences of digital-only lifestyle capsules with a much needed infrastructure for handling ownership. It allows for real scarcity, accessibility, P2P-transferability, storage, display, and permanence of these new items that are used to clothe digital selves.

The creation of unique digital ownership opens up a new world of collecting and representing virtual creations. Owners of digital fashion items can organize, explore, and present their collections of digital collectibles in LUKSO’s virtual libraries, which are the interfaces to digital ownership in the lifestyle arena.

By creating rule sets and by tokenizing activities on the LUKSO blockchain, lifestyle brands can become ‘experience agencies’ that engage their customers in playful competitions, make products into collectibles, and strengthen authentic IRL interactions.

With LUKSO, both professional services and private owners can set up peer-to-peer sharing economies that bring liquid ownership and collective consumption to the lifestyle community and scale the exchange that characterizes the prognosticated “end of ownership”.

LUKSO allows one to manage, authenticate, identify, transfer and pay for items in decentralized secondary lifestyle economies. Having safe access to unique physical and digital products enables the community to bring quality craftsmanship in continuous circularity.

LUKSO provides the interaction layer to foster co-creation and peer-production in the lifestyle world. Brands can turn their empowered consumers into participants of the cultural conversation and use their bottom-up input via direct forms of community access.

Building on LUKSO? Reach out to learn more about LUKSO’s solutions and connect with our team.