Press Release
RELEASE IN PRESS LABEL Foundation recently gained authorization from one of South Korea’s main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson (the parent company) garnered equity capital from two significant investment firms with a strong presence in the local market. As of the date above, this exchange has been revealed. Coinone.
Moreover, LABEL Foundation continues to show high levels of traction with its releases OPENTRACK content platform’s second iteration and the formation of partnerships with industry heavyweights.
LABEL’s schedule to continue despite lingering regulatory surveillance
It is easy to get listed on South Korean exchanges. Complex and time-consumingDue to strict restrictions and the high-level oversight of financial watchdogs. The local market seems to have stagnated in the face of these strict regulatory restrictions. Since they failed to meet the basic regulatory standards, the bulk of the country’s exchanges endured a blackout and are still suffering even now.
LABEL will still operate as scheduled and will continue its operations. MapFor 2022, certain features will be available such as IPFS (NFT asset storage), an alpha version and NFT create of the wallet system and smart contract capabilities, along with the beta testing for the incubator system.
Additionally, with the launch of their NFT infrastructure and marketplace, LABEL will commence the inflow of protected IP rights, which will then be “NFTized” and provided to customers through the platform’s respective incubation system.
About LABEL
LABEL is a NFT platform built on blockchain. The platform promotes music and entertainment through easy-to-use investment instruments, equitable income sharing and a large range of reliable marketing methods. LABEL is a unique NFT platform that uses the Ethereum Network. It’s powered by the Ethereum Network. LBLGovernance and utility token with the primary objective to build an impartial profit-sharing economy that allows for permissionless IP rights incorporation.
LABEL hopes to eliminate the impediments in the modern entertainment sector. 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 overall income (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 content providers and artists.
For additional information and regular updates, visit LABEL’s official website and check out their Telegram, FacebookAnd Twitter channels.
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