press release
PRESS RELEASE. The next-generation NFT Infrastructure – Label Foundation has announced the successful completion of its private sale round. Supported by many leading VCs and famous Grammy-winning artists, the NFT platform raised $1.0 million during the private sale that generated major interest from top investors and venture capitalists in the finance and blockchain industries.
A major milestone for Label Foundation
The private sale round was led by HG ventures and backed by some of the leading venture capitals and institutions in the blockchain sphere, such as GBIC, Mindfulness Capital, IOST, M6, Adaptive, and Icetea Labs, Alphabit,, and Pragma. These Venture Capital firms have joined forces to fund the next generation NFT infrastructure that provides the P2P incubating platform to foster the education platform.
Speaking on the development, Simon Jeung co-founder at HG Ventures, revealed his delight in the development. “As the lead investors in the LABEL Foundation, we are first and foremost fascinated by the dedication of the core team to the unified goal to revolutionize the entertainment education market by bringing the MOOC industry and blockchain technology together.
Jeung also added, ‘’We believe that NFTs will definitely need the next level of adoption, and the musicians, artists and other content creators that were previously restrained from their legitimate profits will now be able to protect their rightful IP rights in the most innovative NFT infrastructure platform.” He concluded.
Fostering next-gen blockchain-based educational ecosystem
Label is an NFT infrastructure protocol built on the Ethereum Network to establish a fair profit-sharing ecosystem. Its ecosystem is powered by LBL utility and governance token.
To achieve its goals, LABEL introduces a decentralized P2P incubating platform to invest in world-class entertainment educational content through the DAO voting system that allows contributors to claim…
