LUKSO Nears Launch Of Ethereum Bridge For Cross-Chain Identity And Token Transfers
The post LUKSO Nears Launch Of Ethereum Bridge For Cross-Chain Identity And Token Transfers appeared on BitcoinEthereumNews.com.
By changing how digital assets, interactions, and assets are managed across Web3 and blockchain ecosystems, LUKSO is steadily gaining momentum. This is because LUKSO lays emphasis on a creator-first vision, centered on: design, fashion, and lifestyle, offering a cohesive framework where economic, cultural, and social activities grow in a truly decentralized way. The upcoming launch of the Ethereum – LUKSO bridge marks a symbolic full-circle moment for LUKSO co-founder Fabian Vogelsteller, the author of the ERC-20 token standard that laid the foundation for Ethereum’s token economy. With LUKSO, he brings that experience full circle, launching a new Layer 1 blockchain built on entirely new token and identity standards, now bridged back to Ethereum. To take its innovation higher by offering seamless interoperability with the Ethereum network, the Ethereum – LUKSO Bridge seeks to be a transformative force for users, developers, and creators in the blockchain space. The Ethereum-LUKSO Bridge: A Two-Way Gateway The Ethereum – LUKSO Bridge facilitates the transfer of assets, such as tokens and non-fungible tokens (NFTs), between Ethereum and LUKSO. On the BlockHash Podcast, Jean Cavallera, Lead Smart Contract Engineer at LUKSO, described the bridge as “a two-way bridge. It’s not only Ethereum to LUKSO, it’s also LUKSO to Ethereum. It will be interesting because you can bridge LYX, the native currency from LUKSO, onto Ethereum. For users who can’t directly access LYX, they’ll be able to swap it on Uniswap.” As a result, liquidity expansion and asset migration will become a reality through this bridge. Users will have the opportunity to move assets, such as NFTs and LYX tokens, between LUKSO and Ethereum. This is especially impactful because the bridge will support LUKSO’s new token standards: LSP7 (Digital Assets) and LSP8 (Identifiable Digital Assets, such as NFTs), which introduce transfer hooks, flexible metadata, and direct interaction…
Filed under: News - @ May 10, 2025 12:24 am