Press release
Press release. Label Foundation Recently received authorization from one of South Korea’s main exchanges and a listing status with KRW (the South Korean currency), Clausen (parent company) received equity capital from two important investment firms with a strong presence in the local market. progressed immediately after. , The above exchange was detected as coinon,
Furthermore, the LABEL Foundation has repeatedly demonstrated high-level traction and has made steady progress with the release of opentrack The second iteration of the content platform and the formation of partnerships with industry stalwarts.
LABEL’s schedule to continue despite regulatory oversight
Getting listings on South Korean exchanges poses time consuming and complex Due to the stringent limitations and high level of scrutiny of financial watchdogs. Amid such strong regulatory hurdles, the local market has slowed down. Most of the exchanges in the country suffered blackouts and are still suffering as they failed to meet basic regulatory standards.
LABEL will still be a soldier and will continue to operate according to its schedule and roadmap For 2022, that will include IPFS for NFT asset storage, an alpha version of the wallet system, and beta testing for an incubating system with NFT creation and smart contract features, and more.
Additionally, with the launch of its NFT infrastructure and marketplace, LABEL will begin the flow of protected IP rights, which will then be “NFTized” and provided to customers through the platform’s respective incubation system.
LABEL. About this
LABEL is a blockchain-oriented NFT platform that promotes music as well as entertainment by providing clients with a variety of easy-to-use investment tools and equitable income sharing as well as a wide range of reliable marketing techniques. LABEL strives to be an unrivaled NFT infrastructure built through the use of the Ethereum network and powered by lbl Governance and utility tokens with the main objective of building a fair profit-sharing economy with the inclusion of IP rights without permission.
Ultimately, LABEL wants to get rid of many of the obstacles that have plagued the contemporary entertainment industry. This is mainly because many artists currently face arbitration fees on an ongoing basis, and they typically only receive a very small portion of the overall income (around 15%).
LABEL seeks to fix this issue to the maximum extent possible by circumventing industry standards and eliminating the need for third party involvement with such intermediate processes and, consequently, returning control of the process to artists and content providers .
For additional information and regular updates, visit the official website of LABEL and check them Wire, Facebook And Twitter Channel.
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