.LABELFoundation introduces decentralized NFT dashboard to buy/sell IP rights on Ethereum with native $LBL token LABEL
Amid another wave of NFT euphoria, LABEL Foundation is developing a user-friendly endpoint to allow crypto enthusiasts to trade intellectual property rights for mainstream content.LABEL Foundation is designed to introduce blockchain-based instruments to the segment of content distribution and the entertainment industry.At its core, LABEL Foundation is set to reconsider the way that revenue from content is fairly distributed.
On Oct. 25, 2021, LABEL Foundation secured $1 million from top-tier VC foundations and reputable angel investors. It additionally raised funds from Solanium Ventures in Q4, 2021. LABEL Foundation is a decentralized iteration of the OPENTRACK platform. OPENTRACK itself has recently released version v2.0, which integrated an entertainment-specialized Learning Management System.
Last but not least, LABEL introduced LBL, its native Ethereum-based token. It is designed to introduce the LABEL Foundation to Web3 community enthusiasts. LBL token was released to the public on mainstream IDO launchpads RedKite and NFTb.
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