It also holds a listing position in South Korean currency. This advancement comes immediately after Clesson, the parent company, received equity capital from two prominent investment firms that have a strong presence on the local market. The Coinone exchange was announced.
LABEL Foundation has also demonstrated high-level traction, continued progress, and continued success with the release of the OPENTRACK second iteration of its content platform and the formation partnerships with industry heavyweights.
LABEL’s schedule will continue, despite the lingering regulatory surveillance
Because of stringent restrictions and the high-level scrutiny by financial watchdogs, it has been difficult to obtain a listing on South Korean stock exchanges. The local market seems to have slowed down in the face of these strict regulatory restrictions. They failed to meet basic regulatory standards and the majority of the country’s exchanges suffered a blackout.
LABEL will still operate as normal and follow its roadmap until 2022. This will include features such NFT asset storage and IPFS, smart contracts and NFT create, along with the beta testing for the incubator system.
LABEL will also launch their NFT infrastructure and marketplace. This will allow for the inflow of protected IP rights which will be “NFTized” by the platform’s incubation system.
About
LABEL, a blockchain-oriented NFT platform, promotes music and entertainment by offering customers a range of investment tools and equitable income sharing. It also offers a wide variety of reliable marketing strategies. LABEL aims to be an unparalleled NFT infrastructure. It is powered by the governance token and powered with the Ethereum Network. The main goal of LABEL is to create an unbiased profit-sharing economy that allows for the incorporation of all IP rights.
LABEL is determined to remove the many impediments that have plagued the entertainment industry. This is due to the fact that many artists have to pay intermediation fees on a regular basis and receive only a small percentage of the total income (around 15%).
LABEL wants to solve this problem to the maximum extent possible by disrupting the industry standards, eradicating third-party involvement, and as a result, giving back control to artists and content providers.
You can find more information on LABEL’s official site. Also, check out the Facebook, Twitter, and Telegram channels.
