CLASS ANNOUNCEMENT. According to the latest news, LABEL Foundation, a Korean organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in investment from DWF Labs, the Internet investment 3.0. DWF Labs, named as a top crypto investor by Coindesk, has invested $1 million into LABEL’s ecosystem to fuel the development of their pioneering Dapp TRACKS and expand its their user base by bringing new solutions to the market.
Over the years, LABEL Foundation has raised two successful investment rounds, led by traditional investment firms, eBest Investment & Securities and Groom Investments, to enable them to launch their Listen-and-Earn TRACKS dApp, recently discovered. a successful beta-test, tested by thousands of their users. LABEL believes that this revolutionary application has many ideas not only for artists but also for listeners who want to contribute to the income of music and help to expand this sector. Now that DWF Labs is on their board, LABEL continues the journey with the help of their strategic partner and investor, who shares the first-hand experience of a simple and decentralized music business. for everyone, whether an artist or a fan.
DWF Labs Managing Partner Andrei Grachev expressed his enthusiasm for LABEL Foundation’s quest to promote innovation in the music industry, saying “Their Listen-and-Earn TRACKS dApp is an exciting opportunity to can change the way things are created, shared, and monetized. LABEL Foundation CSO Hyungsoon Choi also said that for them, this investment is not about expanding their user base or taking introducing new solutions to the market, which may be related to the approach to the creation of a sharing economy that includes the application of non-IP rights, monetization of music rights, and with direct interaction between fans and artists.
As the music industry continues to face challenges related to revenue and distribution, LABEL Foundation is leading the way in future and decentralized payment for music. Stay tuned for updates and new developments from this startup company.
For DWF Labs
DWF Labs is the largest Internet 3.0 investment site. The investment company is a subsidiary of Digital Wave Finance (DWF) which has always maintained its position among the top 5 trading companies in terms of volume in the crypto room thanks to its high value technology. frequency trading. It has offices in Singapore, Switzerland, UAE, Hong Kong, South Korea, and the British Virgin Islands.
About the LABEL Foundation
LABEL Foundation can be described as a platform that acts as a birthplace for new solutions in the music industry. With the main goal to create a sharing economy with a free IP rights application, the monetization of music rights and the direct relationship of fans with artists.
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