press release {/netabare}
PRESS RELEASE In the latest news, LABEL Foundation, a Korea-based organization dedicated to revolutionizing the music industry with the power of blockchain technology, has received a secured a significant investment in venture round funding; DWF Labs was recently labeled as atop crypto investor by Coindesk. injected $1 million into the LABEL ecosystem to accelerate the development of their pioneering Dapp “TRACKS” and expand their user base by bringing innovative solutions to market.
During this period, the LABEL Foundation has successfully completed two investment rounds led by traditional investment firm eVest Investment&. LABEL partnered with brokerage firms and Groom Investments to launch the innovative Listen-and-Earn TRACKS dApp. The dApp has been tested by thousands of users and has completed closed beta testing, and LABEL believes this innovative application has great potential not only for artists, but also for listeners who want to contribute to the music revenue flow and make the field more profitable. LABEL continues its journey with DWF Labs on board and with the help of strategic partners and investors who share its vision of a decentralized music industry that is more accessible to all, including artists and fans.
Andrei Grachev, Managing Partner of DWF Labs, said, “Their Listen-and-Earn TRACKS dApp is an exciting opportunity that has the potential to change the way music is created, shared, and monetized,” adding that the music business innovation He expressed his enthusiasm for the LABEL Foundation’s quest to foster innovation in the music business. LABEL Foundation CSO Hyungsoon Choi added that the investment is not just about expanding the user base and bringing innovative solutions to market, but also about applying permission-free intellectual property rights, monetizing music rights, and direct interaction between fans and artists, including more It is to move closer to achieving an equitable profit-sharing economy, he stated.
As the music industry continues to grapple with revenue and distribution issues, the LABEL Foundation is leading the work toward a more accessible and decentralized music future. Stay tuned for more updates and developments from this groundbreaking organization.
About DWF Labs
DWF Labs is a multi-stage Web 3.0 investment firm. The investment firm is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top five trading entities in the crypto space by volume, thanks to its proprietary technology for high-frequency trading. It has offices in Singapore, Switzerland, UAE, Hong Kong, South Korea, and even the British Virgin Islands.
About LABEL Foundation{3