CryptoFly.us | CRYPTOCURRENCY BITCOIN SHIRTS CLOTHING APPAREL HATS

CRYPTO NEWS

Label Foundation Raises $1 Million to Build Blockchain-Based Platform for the MOOC Industry

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 profits through its native NFT shareholding mechanism.

This system provides content creators in the MOOC industry easy access to investment, promotion and distribution of their IP rights. It solves the problems of unfair structure that exists in the sphere.

Tokenizing IP rights using NFTs

Label Foundation further innovatively uses NFTs enabling content creators to tokenize their IP rights to allow investors to fund their prospective courses. These courses are listed on the Label platform and, over time, become profitable and influential for investors.

The interests on these tokenized IP rights can be accessed by LBL Holders that stake their tokens in the DAO governance mechanisms for voting rights on which courses are registered and receive financing in the Label ecosystem.

The courses, that have successfully received investments, will be registered in the ERC-1155 NFT standard, which will clearly illustrate the share ratio of the ownership according to the contributions of instructors, voters and investors. The information on sales revenue from partner platforms will be released on the special NFT Page, and the revenue generated by the course will be accurately distributed based on the NFT Shares held by the contributors.

Furthermore, the investors that are willing to liquidate their NFT shares will be able to register it freely in the NFT Marketplace of the LABEL Foundation, or similarly they can retain their access to the IP rights and claim the partial profits that will be generated by the content creators’ courses.

Key partnerships established

Label Foundation has extended its ecosystem with key partnerships within the blockchain and education industry. It has already collaborated with OPENTRACK, a leading music education platform operated by Clesson. The partnership will provide a batch of world-class instructors that will provide early content within the LABEL ecosystem.

The LABEL Platform will feature the top stars such as Mark Lettieri (3x Grammy Winner), Scoop DeVille (2x Grammy Nominee), Robert Sput Searight (6x Grammy Winner), Docskim (BTS producer) and many other influential artists and instructors, that will be sharing their knowledge and insights and perhaps offer their IP rights through the incubating system to register their courses as NFTs and further allocate the NFT shares to the early investors.

To learn more about Label Foundation visit the following links:

Website Telegram Medium Linkedin Twitter

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bancor Protocol Announces Features of Its Long-Awaited V3

Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version. In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading::Listen

Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version.

In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading volumes and allowing users to earn their favorite tokens seamlessly.

Features of Bancor 3

Some of the new features that will be introduced in Bancor 3 include an Omnipool that will allow all trades on the network to be carried out in one transaction, reducing gas fees and increasing efficiency.

Additionally, the Infinity Pool will remove deposit limits on Bancor liquidity pools, along with the introduction of trading liquidity, which is used for market-making, and superfluid liquidity, which is used in both internal and external fee-earning strategies.

With Bancor 3, users will gain access to full impermanent loss protection from day one of staking their tokens, as opposed to v2.1, which offers impermanent loss protection after 100 days.

Other exciting features that Bancor 3 will employ include multichain and layer 2 support, third-party impermanent loss protection, integration of Chainlink Keepers to promote efficient token burning, and many more.

Speaking on the development, Bancor’s Head of Growth, Nate Hindman, said:

“Across the industry, the issue of impermanent loss threatens to undermine the core tenets of DeFi by making liquidity pools unusable by ordinary users, and accessible to only the most sophisticated and wealthy users.

We must prevent DeFi from becoming a playground for the rich and connected to extract value from protocols and dump on everyone else — and this starts with fixing liquidity pools. Bancor 3 marks a new day for DeFi — one in which people and projects retake DeFi’s core building block to bring community-sourced liquidity to masses.”

Bancor 3 Coming in Three Phases

The staking platform revealed that it will be launching Bancor 3 in three distinct phases dubbed Dawn, Sunrise, and Daylight. These features will go live as soon as the first phase, Dawn, is deployed.

The project noted that the code for Dawn will be open-sourced in the coming weeks via a public bug bounty and activated based on a vote by the BancorDAO.

Label Foundation Raises $1 Million to Build Blockchain-Based Platform for the MOOC Industry

Shopping cart
There are no products in the cart!
Continue shopping
0