Fabian Vogelsteller, the co-founder of Ethereum and creator of the ERC-20 standard for smart contracts, left the company in 2018 to focus on developing Lukso, a new blockchain for fashion and lifestyle. In a recent interview, he discussed the success of Lukso's reversible ICO, which allowed investors to receive refunds if they changed their minds about the project.

The foundation currently holds around 26% of the 42 million LYX tokens in circulation and is using them to build everything. Vogelsteller also talked about the latest developments in token standards in the sector.