Since the entertainment industry has existed, large corporations have had complete control over consumers and content creators.
But Blockchain is the technology that powers cryptocurrencies and NFTThings have changed color since the ‘s set out to reconstruct this system.
Artists and content producers from every industry are now turning to NFTs. In this sense, the NFT sector, which is expected to make even greater breakthroughs in 2022, is growing.
Supported by CLESSON and OPENTRACK, two of South Korea’s leading companies in systematic music education LABEL Foundation and Ethereum-based infrastructure LABEL looks set to be an important part of this digital revolution.
LABEL Foundation is coming to change the understanding in content distribution for better content management!
Web3 entertainment segment expansion came from LABEL Foundation, a new DAO mechanism. As the NFT craze continues, LABEL Foundation has set its sights on Web3 and has set out to make the NFT system fairer for manufacturers.
According to LABEL’s system consisting of three basic elements, content creators will hold the power through investment, distribution and promotion stages.
Designed to introduce blockchain-based instruments to the content distribution and entertainment industry segment, the LABEL Foundation will not only transform the entertainment industry, but also allow it to overcome the barriers that keep artists from achieving their dreams.
In 2022 and beyond, an artist will not need an intermediary to reach the audience and see their work pay off.
Simon Jeung, co-founder of HG Ventures, a leading investor in LABEL Foundation, said:
We believe NFTs will definitely need the next level of adoption and musicians, artists and other content creators who were previously restricted from their legitimate profits will now be able to protect their rightful IP rights on the most innovative NFT infrastructure platform (LABEL).