Label Foundation Has Announced an Official Deployment on Binance Smart Chain – Press release Bitcoin News

press release

PRESS. Label Foundation recently announced its readiness to deploy on the Binance Smart Chain, utilizing the cross-chain bridge they developed in collaboration with the Tokyo-based blockchain development company, Curvegrid. The deployment of the bridge marks the beginning of the integration of the Label into the Binance Smart Chain ecosystem.

Label can be understood as a blockchain-oriented international educational content platform that features an incubation system that easily supports various advertising, distribution and investment processes to eliminate obstacles and challenges pertaining to existing content production as well as investment procedures.

Prior to this development, Label Foundation expanded its ecosystem with key partnerships within the blockchain and education industry. It has already partnered with OPENTRACK, a leading music education platform powered by Clesson. The partnership will provide a set of world-class teachers who will provide early content within the Label ecosystem. They announced that they are committed to bringing world-class artists such as Scoop DeVille, Mark Lettieri, Docskim and many other Grammy-nominated artists to their platform to incubate and NFTigi their IP rights.

The main goal of the Label Foundation is therefore to provide its users with high-quality educational and entertainment resources. Apparently, with their migration to the Binance Smart Chain ecosystem, Label will be able to take advantage of all the best features of the mainframe to scale and increase its performance from its decentralized application.

Innovative platform

By Label, an NFT framework was built on the Ethereum Network and Binance Smart Chain, and it is supported by the LBL utility as well as by token tokens, with the sole purpose of establishing a fair profit-sharing economy with unauthorized IP rights registration. Label is therefore a decentralized P2P (Peer To Peer) incubator platform that invests in high-quality recreational and educational material through the DAO (Decentralized Autonomous Organization) voting system, allowing donors to collect profits through the NFT ownership mechanism.

Also, the Label platform creates an ecosystem that aims to establish an impartial and decentralized incubation system, with the goal of providing content creators in the MOOC industry with improved accessibility. It therefore strives to improve the seemingly unfair profit structure that is often prevalent in the sector, as well as to prevent copyright infringements from occurring throughout the industry.

Bridge with BSC

According to the latest developments, Label is now officially transferred to Binance Smart Chain (BSC) and the token will be deployed by the MultiBaas Middleware, built by Curvegrid. The bridge will link Ethereum Mainnet with Binance Smart Chain, allowing the smooth movement of LBL tokens from ERC-20 to BEP-20 and vice versa.

Additionally, Solanio will join LABEL as a strategic advisor, assisting in the expansion of the LABEL ecosystem. In the Solana (SOL) ecosystem, Solanium is a platform based in Amsterdam and primarily used for governance voting, decentralized fundraising and time-consuming tokening. In addition, the Label IDO is also expected to take place on RedKite and NFTb to make a public sale.

According to it white paper, Label aims to offer an unparalleled sales framework and infrastructure based on the use of blockchain technology through the aforementioned incubation system. In this way, experts, professionals and specialists alike can be found and invested in. Moreover, through effective system integration, Label will also create a fair profit-sharing environment for the purposes of intellectual property rights. Finally, with the establishment of its NFT Market, Label will launch a virtual loop that will start the Global Value Chain, making the IP rights embedded in the unbreakable token easily manageable. To this end, it also collaborates with various organizations of the entertainment and media industry to focus on the cultivation of their respective hatchery system.

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

Image Credits: Shutterstock, Pixabay, Wiki Commons