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Fabian Vogelsteller’s Lukso Blockchain Releases Universal Profiles on Mainnet

The feature is at the core of the blockchain’s ecosystem, and can be used for all sorts of decentralized applications (for example social media, NFTs, payments), integrating the activity of creators under one smart contract based-account that is supposed to be more than just a wallet address. Source

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Fabian Vogesteller’s Lukso Blockchain Adds ‘Universal Profiles,’ in Push for ‘Fancy’ Ethereum

Currently, the most common type of blockchain accounts, known as Externally Owned Accounts (EOA), have limited recovery options; if a user loses their private key, their crypto holdings are lost forever. EOA accounts also can’t attach information that could be read by other smart contracts, and transaction fees cannot be

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