LABEL is a blockchain-based, NFT, copyright free sharing platform that introduces an incubation system that supports investment, distribution, and promotion processes to break down high barriers to existing content production and investment and dismantles the current unfair profit distribution structure.

Learn & Earn $LBL

Label

IP stands for “intellectual property” and yes, original musical creations are considered intellectual property and can be protected from use by others under intellectual property law.There are four types of intellectual property: patents, copyrights, trademarks, and trade secrets. Patents protect original ideas or designs or processes. Copyrights protect creative works in tangible form. Trademarks protect a brand identity. Trade secrets are aspects of production, design, customer lists, pricing, and anything else about the dealings and operations of a business that give it a competitive edge and can be kept from general knowledge.The two forms of intellectual property most commonly found in the music business are copyrights and trademarks. However, if for example someone invented an improved guitar pick-up, that might be patented. If a musician or band had a list of fans, or a list of contacts for performance venues, those might be trade secrets.

What is music IP rights?

LABEL is an unparalleled NFT infrastructure built on top of Ethereum Network, powered by LBL utility and governance token with a unified goal to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights. LABEL provides a decentralized P2P incubating platform to invest in world-class entertainment-education content through the DAO voting system to further allow contributors to claim profits through the NFT shareholding mechanism.The LABEL platform builds up an ecosystem that establishes a fair and decentralized incubating system, that purports to provide the content creators in the MOOC industry easier access to the investment, promotion and distribution of their IP rights, hence aims to improve an unfair profit structure that exists in the sphere, striving to prevent copyright infringement cases across the industry.The LABEL team focuses on incubating the prospective IP holders in the E&M (Entertainment & Media) sector, where technology and trends change rapidly. Establishing ourselves in the E&M sector provides many advantages for entering the global market and the application of the blockchain technology allows us to provide the most vibrant ecosystem for the creators, investors and consumers. The core partner, that will be supplying the initial set of world-class IP holders from the E&M field is Clesson Co., Ltd., which happens to be the key partner of the LABEL team. Clesson is South Korea's leading music education company and has about 200 professional instructors working with them in Korea. It also operates OPENTRACK, a global MOOC service in the E&M sector in which artists and producers from various countries, including Germany, Canada, Japan, Korea, and Australia participate as partners. In addition, the LABEL team recruits talented copyright management personnel from famous distributors and entertainment production companies to work together.

What is LABEL Foundation?

Incubating is a space where artists can host new lectures and participants can conduct investments in the P2P manner. Here, users can also learn how to invest in the instructor's projects and how those projects will proceed. Incubating provides a voting verification process for new lectures prepared by producers, investment matching, and a linkage function for distribution platforms. In addition, it supports blockchain-based incubating, which encompasses a series of processes for producing, distributing, and monetizing lectures. This includes reward functions to promote lectures that have already been released and the use of IPs for secondary creations.<h3>Incubating Process</h3><ul><li>When a producer or IP holder creates a new project, the verification process first begins through voting. Voters include not only general users but also affiliated distribution platforms and individual investors, that have staked their LBL tokens.</li><li>LABEL users use tokens to participate in the vote.</li><li>Once the target number of votes is reached, the project can receive crowdfunding. When funding is successful, unique NFTs in the ERC-1155 standard will be created, and the profits will be automatically paid to funding participants and stakeholders, once it starts generating the revenue.</li><li>Voting participants can receive discounts when purchasing the corresponding project’s content and receive NFTs proportional to their contribution to NFT generation.</li></ul>

What is LABEL’s Incubating?

A. PaymentContent ConsumptionParticipants in the LABEL ecosystem can use LBL tokens as a means of payment when consuming educational content provided by LABEL. Consumers can use LBL tokens as a payment fee that is settled once a month to the owner of the beneficiary rights of the NFT of the content. Some of these tokens will then be accumulated in the DAO Funds to cover platform fees. The commission rate accumulated in the DAO Funds can be changed by governance.NFT TransactionsThe LABEL team will regularly sell limited edition NFT items in collaboration with artists they work with. Consumers will be able to purchase those NFTs with LBL tokens. In addition, participants in the LABEL ecosystem can make P2P transactions between users at the NFT Market, and use LBL tokens to make transaction payments or cover transaction fees.Buying GoodsAfter the platform is fully activated, LABEL also plans to provide commerce-style services to sell music equipment or musical instruments. Users will be able to purchase goods using LBL tokens at the Commerce. Additional discounts will be given to users who use LBL tokens.B. StakingStarting in 2023, LBL token holders will be able to stake their tokens to receive staking rewards from the DAO Funds or to participate in major governance voting processes. Special offers, promotions, and bonus opportunities will also be offered exclusively to LBL token holders. Staked LBL tokens are will be locked and cannot be transferred or sold at the time of staking. LBL tokens can be held and staked in one’s LABEL account, and only staked tokens allow participation in DAO-related governance voting.The staking reward ratio will initially be set high enough to promote user growth, but can be gradually decreased as the LABEL token ecosystem expands and the number of users staking LBL tokens increases. As LBL token staking yield decreases, stakers can use a governance mechanism to request a vote for additional compensation from the DAO Funds. These incentives will create a sustainable token ecosystem by providing additional motivation for ecosystem participants to hold LBL tokens.C. DAO / DAO FundsLABEL allocates a certain portion of lecture content fees and 100% of NFT transaction fees to the DAO Funds. The DAO Funds will run for the first time in 2023 and will be managed directly by LBL token holders. LABEL will be decentralized step by step, and when decentralization becomes sufficient, LBL token stakers can directly manage the DAO Funds.The sources of revenue allocated to and accumulated in the DAO Funds are as follows:<ul><li>Lecture Content Fees</li><li>NFT Transaction Fees</li><li>NFT Creation Fees</li><li>Lecture Revenue Distribution Fees</li></ul>Learners and investors can experience new lecture content released into the LABEL ecosystem over time. As new lecture content and other popular content gradually increases, the potential revenue accumulated in the DAO Funds will also increase. The types of fees allocated to the DAO Funds may be changed based on services provided by LABEL in the future. The allocated fee may be paid with an LBL token or ETH depending on the payment method.Once the DAO is activated, LBL token holders can submit proposals on how to use the tokens accumulated in the DAO Funds. If the proposal passes a vote conducted by the LBL token stakers, the tokens will be utilized accordingly. Details of proposal submission, voting procedures, and funds that can be distributed will be announced after the launch of the DAO.

What is $LBL token?

Anything you create (song, music, story ect)

Your car

Your brain

A joke that your friend told you

Intellectual property is ...

P2P NFT Infrastructure for creators and users in EduMusic industry

Metaverse

DAO platform

Religious organization under the St. Label Great

Label Foundation is ...

To help newcomers and talented users who lack of funds to create content on LABEL platform and make profit through NFTizting music content.

To provide users with hot music news

To sing live on LABEL’s platform and earn LBL tokens

To get free $LBL tokens

Why does Label has incubating feature?

Payment, Staking, Incubating

You can go shopping to Walmart with LBL

You can buy an air ticket by LBL

You can use LBL as pass ticket to concerts

What are the $LBL token use-cases?

For choosing best content to use Label’s incubating funds

To control royalties

To play games

I don’t know

How can DAO be used on LABEL Foundation?

Learn & Earn $LBL

What is music IP rights?

What is LABEL Foundation?

What is LABEL’s Incubating?

What is $LBL token?

Quiz on NFTb