Lukso (LYXE) is one of my personal favorites especially for a long-term hold. It is part of the Polkadot ecosystem and allows for companies as well as individuals to create their own digital identities in order to verify NFTs as well as physical goods. This use case can be most famously be traced to Helsinki’s Fashion Week in 2020. Personally I see a bright future for it as it solves the issue of fake or knock-off brands, which costs the fashion world over $100 billion annually. However,  simply by creating a digital profile of a high-end handbag for example, a secondhand buyer does not have to worry about going through the process of an authenticity check, or even more embarrassing, going to the specific fashion retail store and learning that their purchase was fake.

Now onto the financial side of things:

LYXE is currently trading on KuCoin for ~$26 USDT
As you can see, Lukso has been skyrocketing since it’s reversible ICO last year. Though it’s seen exponential growth, I believe that there is much more growth to be made as it becomes mainstream with major high-end retailers such as Gucci, Louis Vuitton, Fendi etc.