Being a 10W laser, there are various possibilities. One of my favorite laser projects are ornaments. From simple cutouts to a combination of scoring, engraving and layering wood, each is unique and beautiful.
I do have a laser machine (multi function with a blade as well). Its a diode laser, which I believe will also be the case for the LOKLiK laser. Diode lasers cannot cut thru blue, white or transparent acrylics. There are some diode tested acrylics that do work with this type of laser but only certain brands or after much trial and error.
The higher the wattage of the lazer the stronger it is. But there is also different types, Diode lasers and CO2 lasers. Diode has some limitations on what materials they can cut.
This laser is a 10W diode laser. The majority of my projects are using 3mm basswood or pine wood and this laser works perfectly for these. I have a different machine, a CNC, that I use to cut the thicker .5in wooden bases. Using a combination of the laser, CNC, and a paper cutter, I am able to create a wide variety of projects. As for acrylics, there are some limitations but I have not ventured into them much as I use the laser in a closed area not in a well vented area.