LABEL Foundation (LBL) has been listed on South Korean digital asset exchange Coinone. The listing is a huge milestone for the project given that South Korea possesses some of the strictest crypto listing regulations worldwide. The process involves in-depth reporting and high-level scrutiny from local financial watchdogs, all of which LABEL Foundation has successfully passed to be listed on Coinone. Crypto exchanges like Coinone are among the few left after the market shutdown that saw most crypto exchanges in the region shutter their doors due to the inability to comply with strict regulations. One reason for this is that cryptocurrencies are still not regarded as legal money in the country, and although crypto exchanges are legal, they have to operate under strict guidelines, and crypto projects are not exempt from these regulations. After proving compliant with these regulations, LABEL Foundation recently received approval to be listed on the crypto exchange with a listing spot with the KRW (South Korean currency). This comes on the heels of Clesson, its parent company, raising $2 million in equity funding to put the project at the forefront of Web 3.0 content creation. This $2 million equity funding came from two large investment funds; EBest Investment & Securities and Groom Investment, both of which are established players in South Korea. LABEL Foundation Continues To Grow Since its inception, LABEL Foundation has grown at a rapid rate and has continued on this trajectory. Its content platform OPENTRACK has gained traction and progress with the release of its 2nd version, in addition to various partnership establishments with leaders in the industry. The decentralization of the platform has been a strong supporter of this growth, development of an NFT infrastructure and marketplace that is aimed at initiating the influx of secured IP rights. All of which will be NFTized and offered to the users through the incubation platform. With OPENTRACK, music artists no longer are subjected to predatory profit-sharing systems that prevail in the industry. The platform’s peer-to-peer profit-sharing system makes it a fair and transparent system where artists take home a larger percentage than they would under current systems. LABEL Foundation is a blockchain-based educational content incubation, NFT, and fee-sharing platform that is changing the face of the music business. The platform attracts top talent from around the world to its content platform OPENTRACK where students are able to develop various musical skills at their own pace. It provides users with simple investment options, as well as fair income-sharing and reliable marketing for artists. Built on the Ethereum network, it is operated by Clesson, a music ed-tech company that is based in South Korea.
LABEL Foundation recently gained authorization from one of South Korea’s main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson (the parent company) garnered equity capital from two significant investment firms with a strong presence in the local market. The aforementioned exchange was revealed as Coinone. Moreover, […]
There has been a massive spike in the number of complaints against South Korea’s four biggest crypto exchanges last year. However, citizens are adopting crypto in a big way. Crypto mining is also on the rise. According to Yonhap, there has been a vertical increase in complaints raised by the Korea Consumer Agency to the
Bithumb will block crypto withdrawals to unverified private wallets so now users in South Korea will have two days to perform another round of KYC as we can see more today in our latest cryptocurrency news. Starting on January 27, the South Korean crypto exchange Bithumb will block crypto withdrawals for users of unverified private […]
Metaverse crypto coins are prevalent among traders in 2022, boasting over $5.1 billion in trading volume combined over the past 24 hours. This article looks at today’s top five most traded Metaverse crypto coins, ordered by trading volume, lowest to highest. Enjin Coin (ENJ) – $243M Enjin is a blockchain enabling users to create custom […]
After a rough start this week for crypto markets, today, we’re seeing bullish momentum for most projects. Metaverse crypto coins are doing exceptionally well today, with many seeing double-digit percent price gains. This article looks at the top three Metaverse crypto coins gaining the most price today, ordered by 24-hour increase, lowest to highest. Decentral […]