Label Foundation Raises $1 Million to Build Blockchain-Based Platform for MOOC Industry – Press Release

Press release

PRESS RELEASE.The Next Generation NFT Infrastructure – Label Foundation has announced the successful completion of its private sales round. Backed by many leading VCs and famous Grammy-winning artists, the NFT platform raised $1.0 million during the private sale, which attracted significant interest from top investors and venture capitalists in the finance and blockchain industries.

An important milestone for the Label Foundation

The private sale round was led by HG Ventures and supported by some of the leading venture capitalists and institutions in the blockchain space, such as GBIC, Mindfulness Capital, IOST, M6, Adaptive and Icetea Labs, Alphabit and Pragma. These venture capital firms have come together to fund the next-generation NFT infrastructure that provides the P2P incubation platform to promote the education platform.

Speaking about the development, Simon Jeung, co-founder of HG Ventures, expressed his excitement about the development. “As lead investors in LABEL Foundation, we are first and foremost fascinated by the core team’s commitment to the shared goal of revolutionizing the entertainment education market by bringing together the MOOC industry and blockchain technology.

Jeung added: “We believe that NFTs will definitely need the next level of adoption and musicians, artists and other content creators who were previously restricted from their legitimate profits will now be able to protect their legitimate IP rights in the most innovative way.” NFT infrastructure platform.” He concluded.

Promoting the next generation blockchain-based education ecosystem

Label is an NFT infrastructure protocol built on the Ethereum network to build a fair, profit-sharing ecosystem. Its ecosystem is powered by the LBL utility and governance token.

To achieve its goals, LABEL is launching a decentralized P2P incubation platform to invest in premium entertainment-educational content through the DAO voting system, which allows contributors to claim profits through its native NFT staking mechanism.

This system provides content creators in the MOOC industry with easy access to invest, promote and distribute their IP rights. It solves the problems of the unjust structure that exists in the sphere.

Tokenization of IP rights with NFTs

The Label Foundation is also innovatively using NFTs, allowing content creators to tokenize their IP rights so investors can fund their future courses. These courses are listed on the label platform and over time become profitable and influential for investors.

Shares in these tokenized IP rights can be accessed by LBL holders who stake their tokens in the DAO governance mechanisms for voting rights, for which courses are registered and which are funded in the label ecosystem.

The courses that have been successfully invested will be registered in the ERC-1155 NFT standard, which makes clear the proportion of ownership according to the contributions of lecturers, voters and investors. The sales revenue information of partner platforms will be published on the dedicated NFT page, and the revenue generated by the course will be accurately distributed based on the NFT shares held by contributors.

In addition, investors who want to liquidate their NFT shares can register them freely on the LABEL Foundation's NFT marketplace or also retain their access to the IP rights and claim the partial profit provided by the content creator courses.

Important partnerships established

The Label Foundation has expanded its ecosystem to include key partnerships within the blockchain and education industries. It has already collaborated with OPENTRACK, a leading music education platform owned by Clesson. The partnership will provide a range of world-class instructors to deliver early content within the LABEL ecosystem.

The LABEL platform will feature the top stars like Mark Lettieri (3x Grammy winner), Scoop DeVille (2x Grammy nominee), Robert Sput Searight (6x Grammy winner), Docskim (BTS producer) and many other influential artists and lecturers sharing their knowledge and insights and perhaps offering their IP rights through the incubation system, to register their courses as NFTs and further distribute the NFT shares to the early investors.

To learn more about the Label Foundation, visit the following links:

website telegram Medium Linkedin Twitter

This is a press release. Readers should conduct their own due diligence before taking any action in connection with the advertised company or any of its affiliates or services. Bitcoin.com shall not be responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in the press release.

Photo credits: Shutterstock, Pixabay, Wiki Commons