<p>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.</p><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?