LABEL Foundation Secures 7 Digit Investment From DWF Labs
As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm.
Over the years, LABEL Foundation has raised two successful investment rounds, that has been led by traditional investment firms, eBest Investment & Securities and Groom Investments, that has enabled them to launch their innovative Listen-and-Earn TRACKS dApp, which has recently seen a successful Closed-Beta-Test completion, tested by thousands of their users.
DWF Labs Managing Partner Andrei Grachev conveyed his enthusiasm for LABEL Foundation’s quest to promote innovation in the music business, stating “Their Listen-and-Earn TRACKS dApp is an exciting opportunity that has the potential to change the way music is created, shared, and monetized”.
As the music industry continues to grapple with issues related to revenue and distribution, LABEL Foundation is leading the charge towards a more accessible and decentralized future for music. Stay tuned for further updates and developments from this groundbreaking organization.DWF Labs is the multi-stage Web 3.0 investment firm.
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