On October 25th, the NFT infrastructure agreement Label Foundation announced the completion of a $1 million private equity financing, led by HG Ventures, with participation from GBIC, Mindfulness Capital, IOST, M6, Adaptive, Icetea Labs, Alphabit, and Pragma. Label is an NFT infrastructure protocol built on the Ethereum network, aiming to establish a fair profit sharing ecosystem. Its ecosystem is supported by LBL utilities and governance tokens. LABEL has introduced a decentralized P2P incubation platform to invest in entertainment and educational content through the DAO voting system. This system provides content creators in the MOOC industry with a convenient way to invest, promote and distribute their intellectual property rights. Label Foundation has reached a partnership with OPENTRACK, a leading music education platform operated by Clesson.
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