Eindhoven, The Netherlands, July 14, 2022 (GLOBE NEWSWIRE) – The team is pleased to announce the completion of the much-anticipated integration of Luxy Marketplace into the Syscoin ecosystem. Luxy is Syscoin’s first official NFT marketplace, making this an important step in offering Syscoin users the best of everything DeFi has to offer. Luxy is decentralized, with a state-of-the-art user experience and features, and premiered on the Polygon Network on April 21, 2022. Now, July 13, 2022, their integration with Syscoins mainnet Layer 1 is complete. With Syscoin, Luxy users get support from Bitcoin’s gold standard security, and the Luxy project gets a modular blockchain with incredible scaling potential through Syscoin’s upcoming Layer 2 Rollux suite.
Luxy offers an unsurpassed user experience, and this is one of the many reasons why it is ready to be a top global NFT marketplace. In addition to standard marketplace features, Luxy boasts the following:
- Collection start ramp
- User-owned collections
- GameFi support
- Multiple royalty addresses for collaborative projects
- Direct royalties
- Support for all major file types (including 3D and audio)
- Easy navigation
- Low fees
- Discounts for holders of the $ LUXY tool
- $ LUXY pool
- $ LUXY Farm
In honor of their new blockchain, Luxy Marketplace has partnered with SysPunks. The SysPunks NFT collection will go live as the first official Syscoin NFT collection on the marketplace just a few hours after Luxy goes live on Syscoin. SysPunks offers discounted stamping just by holding $ LUXY on Syscoin.
In addition, Luxy is already working on Syscoin’s original DEX, Pegasys! The $ LUXY token was listed on Pegasys.finance on July 6, and launched LUXY / SYS Super Farm there, where users earn both LUXY and PSYS tokens with an initial APY of 300% by offering liquidity.
$ LUXY holders are now bridging their LUXY tokens from Polygon Network to Syscoin via Multichain.org, which supports $ LUXY bridging between BNB Chain, Polygon and Syscoin. Luxy will also implement its own direct payment solution in the coming weeks.
The Trifecta of Syscoin, Pegasys and Luxy Marketplace represents an important milestone for all three. It is a new era for the Syscoin ecosystem, and for Syscoin’s mission to be the most capable, flexible, secure, decentralized and scalable blockchain solution. Our three teams will continue to work together to ensure that users across our ecosystem have access to the latest tools and unrivaled experiences. This is just the beginning, as the deployment of rollups on Syscoin’s NEVM Layer 2 will ensure lightning-fast transactions and unlimited scaling, while maintaining the security of Bitcoin merged mining combined with finality.
Luxury’s promising pipeline
Luxy API for Metaverse, games, applications
To go further, Luxy is developing a headless API that will give Metaverses, games and other applications the ability to plug into Luxy technology for seamless user experiences when players buy, sell, trade or even create in-game items. This, combined with Syscoin Rollux, will put Luxy technology at a level that is viable for mass adoption.
NFT Launchpad
Luxy will also launch its own multi-chain Luxy NFT Launchpad for organizations, artists and creators. This will provide all the necessary functions, services and tools that the best and most ambitious NFT projects need to achieve their goals. Launchpad will streamline the often difficult launch process by giving projects the critical gateway they need to reach audiences. It will offer support for pre-sales, whitelisting, fundraising, minting and marketing, all within the floating interface Luxy users are used to.
LUXY Genesis Collection
The big debut of Luxy’s NFT Launchpad will include a countdown timer to the release of a highly anticipated NFT collection called LUXY Genesis. The LUXY Genesis Collection will be released first on the Syscoin network, accompanied by twice as many ‘Good Mode’ (beyond the legendary level) NFTs, available only to early customers using Syscoin.
About Luxy
Luxy is a premier NFT Marketplace with the industry’s lowest fees operating on Polygon Network and Syscoin, with plans to add more chains to appeal to a wider audience in the future with more chains. Established in March 2021, the team has since grown to include nineteen members full of expertise from across the industry. The platform offers a new user interface and advanced tools to provide a next-generation NFT experience.
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About Syscoin
Syscoin is a decentralized and open source project founded in 2014, whose NEVM blockchain combines the best of Bitcoin and Ethereum into a single coordinated modular platform.
Syscoin takes the next step in the development of blockchain technology, providing Bitcoin’s proven security and Ethereum’s Turing-complete programmability raised to true scalability via Optimistic & ZK-Rollups and other Layer 2 technologies.
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