Fabian Vogelsteller, an early Ethereum builder and co-creator of ERC-20, launched the Layer 1 public chain LUKSO, which will compete with Ethereum itself. The idea of ​​LUKSO is to become a complete creative ecosystem. Vogelsteller said that LUKSO is "building a complete toolset, ecosystem, and market around NFT using a common profile on the foundation," making it easier to identify creativity and its profiles, as well as creators' works on the blockchain.

There will be a Genesis Validator deposit smart contract on the Ethereum blockchain, which will be live in a few weeks. On LUKSO, the Genesis Validator Deposit Smart Contract will allow users to deposit LYXe, an ERC-20 token that was launched in the reversible ICO round in June 2020, to become a genesis validator. (CoinDesk)