Fun

LABEL Foundation Secures 7 Digit Investment From DWF Labs

News Feed - 2023-04-10 08:04:32

LABEL Foundation Secures 7 Digit Investment From DWF Labs press release


PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm. DWF Labs, that has recently been labeled as a top crypto investor by Coindesk, has injected $1 million in LABEL’s ecosystem to foster the development of their pioneering Dapp TRACKS and to expand their user base by bringing innovative solutions to the market.


Over the years, LABEL Foundation has raised two successful investment rounds, that has been led by traditional investment firms, eBest Investment & Securities and Groom Investments, that has enabled them to launch their innovative Listen-and-Earn TRACKS dApp, which has recently seen a successful Closed-Beta-Test completion, tested by thousands of their users. LABEL believes that this revolutionary application has enormous prospects not just for artists but also listeners who want to contribute to the revenue flow of music and help make this sector more profitable. Now, that there is DWF Labs on their board, LABEL continues the journey with the help of their strategic partner and investor, who shares the former’s vision of a more accessible and decentralized music industry for everyone, whether it be artists or fans.


DWF Labs Managing Partner Andrei Grachev conveyed his enthusiasm for LABEL Foundation’s quest to promote innovation in the music business, stating “Their Listen-and-Earn TRACKS dApp is an exciting opportunity that has the potential to change the way music is created, shared, and monetized”. LABEL Foundation CSO Hyungsoon Choi also stated, that for them, this investment is not just about expanding their user base or bringing innovative solutions to the market, it’s perhaps about getting closer to creating a more equitable profit-sharing economy that includes permissionless IP rights application, monetization of music rights, and direct interaction between fans and artists.


As the music industry continues to grapple with issues related to revenue and distribution, LABEL Foundation is leading the charge towards a more accessible and decentralized future for music. Stay tuned for further updates and developments from this groundbreaking organization.


About DWF Labs


DWF Labs is the multi-stage Web 3.0 investment firm.The investment firm is an affiliate of Digital Wave Finance (DWF) which has consistently maintained its position among the top 5 trading entities by volume in the crypto space thanks to its proprietary technology for high frequency trading. It has offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea, and even the British Virgin Islands.


About LABEL Foundation


LABEL Foundation can be described as a platform which acts as a breeding ground for new solutions in the music industry. With the encompassing objective to create an equitable profit-sharing economy that includes permissionless IP rights application, monetization of music rights and direct interaction of fans with the artists.


 


 


  Tags in this story DWF Labs, LABEL, Label Foundation


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. Media


Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options. JPMorgan CEO Jamie Dimon Says Banking Crisis Not Over — Warns of "Repercussions for Years to Come" ECONOMICS | 26 mins ago French President Emmanuel Macron States Europe Must Reduce Its Dependence on the US Dollar to Avoid Becoming "Vassals" ECONOMICS | 2 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleChina Keeps Stockpiling Gold, Adds 18 Tons in March to Reach 2,068 Tons in National Reserve Next articleReport: Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse

News Feed

CCRI Finds TRON as One of the Top Eco-Friendly Blockchains
CCRI Finds TRON as One of the Top Eco-Friendly Blockchains sponsored A newreportby theCrypto Carbon Ratings Institute (CCRI)showcases the environmental sustainability of theTRON net
Bitcoin, Ethereum Technical Analysis: ETH Nears $3,000 to Start the Weekend 
Bitcoin, Ethereum Technical Analysis: ETH Nears $3,000 to Start the Weekend  Ethereum rallied on Saturday, as the world’s second-largest cryptocurrency moved closer to the
Bitcoin, Ethereum Technical Analysis: BTC Rebounds, as Bulls Reject Breakout of Key Support Level
Bitcoin, Ethereum Technical Analysis: BTC Rebounds, as Bulls Reject Breakout of Key Support Level Bitcoin was trading in the green on Feb. 7, as prices rebounded following a near c
Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round
Chainalysis Reaches $8.6 Billion Valuation In $170 Million Series F Funding Round Chainalysis, a cryptocurrency security and blockchain auditing firm, has announced it has complete
UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach
UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach Her Majesty’s Treasury in the U.K. issued a document that details a serie
Bitcoin just hit a record in open interest — expect imminent volatility
Lucas Kiely5 minutes agoBitcoin just hit a record in open interest — expect imminent volatilityStay calm and avoid getting carried away by the possibly imminent all-time highs for Bitcoin and Ethereum. Open interest ne
Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months
Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months Following the charged-up debut of the Proshares bitcoin exchange-traded fund (E
How to generate passive income with cryptocurrency airdrops
Tobias Vilkenson43 minutes agoHow to generate passive income with cryptocurrency airdropsHunting for crypto airdrop opportunities and cashing in on airdrop rewards can be a thrilling way to bag some extra coins, but bewa
Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Prashant Jha10 hours agoBitcoin ETF race begins: Has institutional trust returned to crypto?Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch
India"s Central Bank RBI to Adopt a "Graded Approach" to Digital Currency Launch India’s central bank, the Reserve Bank of India (RBI), has proposed to adopt a “grade
How to Sell Items With Crypto? Ethair Market Offers Users Ebay/Etsy Alternative
How to Sell Items With Crypto? Ethair Market Offers Users Ebay/Etsy Alternative sponsored The beta version ofEthair Market that launched on Monday, November 8th allows sellers to li