In a groundbreaking development for the Web3 creator economy, Transak has officially integrated with LUKSO’s Universal Profiles, solidifying Transak’s position as the premier on-ramp solution within the LUKSO blockchain ecosystem. This integration marks a significant milestone in the ongoing partnership between Transak and LUKSO, first announced in November 2023. The primary focus of this collaboration is to streamline the process of entering the blockchain space, particularly for newcomers in creative industries such as social media and gaming.
📣 We\'re thrilled to fuel the Web3 creator economy through our integration with @lukso_io\'s Universal Profiles, positioning @Transak as the go-to on-ramp solution in the #LUKSO ecosystem. 🚀🎨 pic.twitter.com/w29SbLzOWh
— Transak (@Transak) February 15, 2024
Streamlining Access to Blockchain for Newcomers in the Creative Economy
With projections from Goldman Sachs estimating the creator economy to reach the $500 billion mark by 2027, the incorporation of blockchain technology and cryptocurrencies into an ownership-driven web is increasingly vital. LUKSO, as a Layer-1 EVM blockchain, stands at the forefront of this evolution. By integrating Transak’s On-Ramp solution, LUKSO aims to address a crucial need in the creator economy: simplifying access to blockchain and crypto spaces.
This integration empowers users to effortlessly acquire $LYX, LUKSO’s native blockchain token, using familiar payment methods like credit/debit cards, bank transfers, or supported payment apps. The global reach of LUKSO and Transak, operating in over 160 countries including major markets like the U.K., Europe, Australia, India, and the Philippines.
While LUKSO’s innovative features like Universal Profiles (UPs) and gasless transactions have already simplified user interaction within its ecosystem, the addition of Transak’s solution addresses the final major hurdle: the ease of acquiring native tokens. This integration is pivotal in ensuring that the complexities of blockchain technology do not deter creative individuals and developers from exploring this space.
Driving Mass Adoption and Simplifying Access with Transak Integration
Fabian Volgesteller, Co-Founder of LUKSO, emphasized the platform’s goal of onboarding the 99% of people who have yet to use blockchain, highlighting accessibility and usability as key ingredients for blockchain growth.
Transak, a global web3 payments and onboarding infrastructure provider, facilitates seamless transitions between traditional finance and crypto assets. With a product suite including robust fiat-to-crypto services, a fiat-to-smart-contract solution, and a fiat-to-NFT checkout solution, Transak supports onboarding to 161+ crypto assets across 74+ blockchains.
LUKSO, founded by Fabian Vogelsteller and Marjorie Hernandez, is a next-generation EVM blockchain 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 towards mass adoption within the Web3 creator economy, ultimately simplifying access to blockchain and crypto assets for creators worldwide.