Applications and Use Cases

Blockchain Foundry Unveils Syscoin Lux, a New Platform for NFTs and Payment Compliancy


May 05, 2021

Blockchain Foundry, a Toronto-based blockchain development firm, recently announced the deployment of Syscoin LU X, an open-source procol that will allow highly-scalable, low cost blockchain infrastructure for a limitless range of applications.

Syscoin LUX is the most recent edition of the decentralized Syscoin platform, which now offers users a number of new blockchain-based products and services, whic now includes fungible and non-fungible tokens, or NFTs. The platform also offers another new feature called Syscoin notary, allowing projects using  Syscoin Platform Tokens (SPT) to be compliant with customizable payment rules which can be directly coded into the blockchain.

“Blockchain Foundry focuses on creating innovative business and consumer solutions using the unique infrastructure provided by Syscoin and other public and private blockchain protocols. With Syscoin LUX, we have an amazing platform to develop a wide range of cutting-edge solutions including NFT applications and compliant, rules-based payment systems using Syscoin Notary,” said Dan Wasyluk, CEO of BCF.

As the popularity of blockchain and crypto technologies continues to rise across the world economy, businesses are looking for knowledgeable providers to offer sophisticated blockchain software to bring customers into this new technological frontier.

Wsyluk added,“We are very excited about the future of Syscoin and plan to leverage this technology in our work at Blockchain Foundry. BCF owns approximately 6.4 million Syscoin tokens, allowing our shareholders to participate in the growth and success of the Syscoin ecosystem.”




Edited by Maurice Nagle

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