Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Next Gen NFT Infrastructure, LABEL Foundation Officially Launches on BSC

Cryptocurrency Dec 13, 2021 09:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Next Gen NFT Infrastructure, LABEL Foundation Officially Launches on BSC
 
ETH/USD
+0.44%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SOL/USD
-0.87%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • LABEL Foundation will officially deploy on BSC.
  • Worked with Curvegrid to create a cross-chain bridge.
  • LABEL has announced its IDO on RedKite and NFTb.

LABEL Foundation, the next-generation NFT infrastructure, has announced its deployment on the Binance Smart Chain (BSC). The launch will utilize the cross-chain bridge that they have developed together with Curvegrid. This disclosure has followed with their public sale announcement that is going to be conducted via IDO on NFTb and Redkite on 17th December.

The token will be deployed through the MultiBaas Middleware and the bridge will link BSC with Ethereum Mainnet. This connection will allow the seamless movement of LBL tokens from ERC-20 to BEP-20 and vice versa. Through LABEL, an NFT framework has been created on the BSC and Ethereum Network supported by governance tokens and the LBL utility. This move intends to establish a fair profit-sharing economy with a permission-less IP rights incorporation.

Therefore, LABEL is deemed to be a decentralized P2P incubation platform that focuses on and makes investments in high-quality entertaining and educational resources through the DAO voting system, letting donors collect their profits via the NFT ownership mechanism. In detail, according to its website,

LABEL is a blockchain-based, NFT, copyright fee-sharing platform that introduces an incubation system that supports investment, distribution, and promotion processes to break down high barriers to existing content production and investment and dismantles the current unfair profit distribution structure.

Moreover, with LABEL’s migration to the BSC ecosystem, it will be able to utilize all the best features of the mainnet to improve and scale the performance of their decentralized application. Aside from that, it will also enable massive computation and enable advanced smart contract capabilities for the platform. Through this, users can take advantage of the network’s low fees and high throughput efficiency.

In the past, LABEL has already made significant partnerships with the education and blockchain industry. One notable collaboration was with OPENTRACK, a music education platform that is operated by Clesson. With this partnership, they aim to provide an exceptional batch of top-notch instructors that will contribute early content within the LABEL ecosystem.

Furthermore, Solanium will also join LABEL as a strategic investor who will aid in the expansion of the LABEL ecosystem. It is a platform on the Solana ecosystem, based in Amsterdam, that is used for decentralized fundraising, governance voting, and time-weight token staking.

Continue reading on CoinQuora

Next Gen NFT Infrastructure, LABEL Foundation Officially Launches on BSC
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email