According to Foresight News, Fabian Vogelsteller, one of the proposers of the Ethereum ERC-20 standard, and his team have launched the Layer 1 public chain LUKSO on the testnet with a Universal Profile browser plugin. LUKSO claims that with the help of ERC725Y, interactions with blockchain technology will become more social, allowing users to easily add profile pictures, cover photos, tags, links, and even profile descriptions. Additionally, DApp developers can directly query users' held assets without relying on third-party services or building indexers.