The LABEL platform, which was launched on the Ethereum network, has one of the most innovative governance and incentive mechanisms in the crypto space. It has gathered support from major partners in its quest to revolutionize the Massive Open Online Course (MOOC) industry with a blockchain-based entertainment-education platform.
According to the LABEL Foundation, the project has completed a $1.0 million private sale round led by HG Ventures, with participation from major institutions and leading venture capital investors in the crypto industry. GBIC, Mindfulness Capital, IOST, M6, Adaptive, Icetea Labs, Alphabit, and Pragma are among the companies included
The partners have come together with LABEL to create an innovative new platform to support an NFT infrastructure entertainment-education platform …
As previously stated, LABEL is an Ethereum-based global content incubation platform that aims to create a more equitable and transparent ecosystem for content creators. Users can gain access to top-tier educational content as well as self-produced content, as well as a variety of features and services, through this platform.
The platform includes an NFT Market where users can trade LABEL-generated NFTs. Furthermore, the platform has a DAO governance model that is supported by a native governance and utility token known as LBL. LBL, which was implemented to drive the growth of the LABEL ecosystem, also serves as the primary component in the voting and NFT shareholding reward mechanism.
