• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

How The LABEL Foundation Spearhead The Transformation Of Entertainment

Bitcoinist by Bitcoinist
3 months ago
in Industry
0

Non-Fungible Tokens (NFTs) seem poised to usher new experiences between consumers and products across multiple sectors. So far, the trillion-dollar entertainment industry, as expressed by representatives from major companies in gaming, movies, and music, seems to have embraced these digital assets with open arms.

Companies such as Ubisoft, Metro Goldwin Meyer (MGM), Electronic Arts (EA), and celebrities, like Eminem, Paris Hilton, Gwyneth Paltrow, and many others, understand that NFTs are a bridge for the entertainment industry to reach its future. On that road, from a close to an open industry, 2022 will have center stage.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Launched on the Ethereum network and further bridged to BSC, the LABEL platform provides content creators and artists with the tools to fully harvest the power of NFTs. Operating as a South Korean DAO Cross-chain NFT platform, the LABEL Foundation occupies a key role in the transformation of the entertainment industry.

In addition, LABEL’s innovative infrastructure is supported by two of the most prominent music education companies in this country, CLESSON, and OPENTRACK. The latter provides LABEL with its Intellectual Property (IP) as it hosts over 200 instructors and over 25 top musicians from everywhere around the globe.

These include famous BTS Producer Docskim, Grammy Award winners Philip Lassiter, Robert Sput Searight, and others. OPENTRACK received a certification from the Ableton Program, which goes to show the high quality of the content hosted on the platform.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Furthermore, OPENTRACK recently saw the deployment of its second iteration with plans to integrate their content in the form of NFTs by leveraging LABEL’s features.  The team behind this platform classified LABEL, its governance token LBL, and its ecosystem with the following:

LABEL is an unparalleled NFT infrastructure built on top of Ethereum Network, powered by LBL utility and governance token with a unified goal to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights.

The LABEL Foundation, How To Tear Down The Barriers In Traditional Industries

Per the LABEL Foundation’s Whitepaper, the projects aim at giving content creators and artists more power over the creations. To achieve this objective, LABEL will disrupt the entertainment industry at its core; by supporting a copyright fee-sharing platform with a top-of-the-line incubation system.

In that way, content creators will hold power and make every one of their IPs a form of revenue but will also be able to receive financial support and break away from the traditional entertainment industry. LABEL’s incubation system will be comprised of three core elements: investment, distribution, and promotion for content creators.

This model will let LABEL and the LABEL Foundation not only transform the entertainment industry but also take down the walls which usually keep artists away from achieving their dreams. In 2022 and beyond, an artist will need no intermediaries to reach an audience and see compensation for their work.

This vision has allowed the LABEL Foundation to record sustained growth, even as the crypto market, in general, suffers from a correction. The rollout of LBL saw a 4,600% explosion in its price suggesting a high interest in the project.

In the future, the LABEL Foundation will continue to strengthen its position in the NFT sector by consolidating important collaboration, and by attracting fresh capital into its ecosystem. Back on October 25th, 2021, this entity was able to raise $1.0 million to secure the financial means to fulfill its objectives.

The round saw participation from major players in the crypto industry, led by HG Ventures, such as GBIC, Mindfulness Capital, IOST, M6, Adaptative, and others. At the time, the team behind the project added the following on LABEL’s potential to bring a change in the entertainment industry for the benefit of consumers and creators:

LABEL provides a decentralized P2P incubating platform to invest in world-class entertainment-education content through the DAO voting system to further allow contributors to claim profits through the NFT shareholding mechanism.

 

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Largest Metaverse GameFi Project Of 2022, Gensokishi Online, Opens Applications For Closed Alpha

Largest Metaverse GameFi Project Of 2022, Gensokishi Online, Opens Applications For Closed Alpha

5 hours ago
LBank Exchange Will List ENTERBUTTON (ENTC) on May 16, 2022

LBank Exchange Will List ENTERBUTTON (ENTC) on May 16, 2022

3 days ago
Zignaly Introduces A Secure and Reliable Cross-Chain Token Bridge

Zignaly Introduces A Secure and Reliable Cross-Chain Token Bridge

4 days ago
Italian Casino

Reasons to Use Crypto for Italian Casino Players

4 days ago
How to Get Fit and Earn Crypto with MoveZ

How to Get Fit and Earn Crypto with MoveZ

4 days ago
Lina Valentina Produced NFT Collection “No More” Launched To Denounce Domestic Violence

Lina Valentina Produced NFT Collection “No More” Launched To Denounce Domestic Violence

5 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.