Musical company

Clesson, the operating company of LABEL Foundation, raises $2 million in equity

LABEL Foundation Operating Company Clesson Raises $2M in Equity

  • Clesson, the operating company of LABEL Foundation, successfully raised $2 million.
  • It currently uses blockchain and BSC.
  • Famous global investors support network funding.

Clesson Co., Ltd, the operating company of the LABEL Foundation, successfully raised $2 million in strategic equity investment. Equity funding was provided to Clesson, which is also known as the parent company of the LABEL Foundation, by leading asset management companies – eBest Investments & Securities and Groom Investments to accelerate the development of web infrastructure 3 NFT for musicians. , fans and content creators.

The company said it would use the funds to improve the platform, attract new intellectual property owners and lead the content industry in the age of Web 3.0.

On the investor side, the platform is supported by two major investors. First, eBest Investment & Securities Co., a Korea-based asset management company with $1 billion in assets under management, specializing in providing financial services. It is primarily engaged in brokerage, covering stocks, futures, to name a few.

Secondly, Groom Investment, an investment fund that makes comprehensive investments in potential companies and holds portfolios including The SmartStudy, CrowdWorks (pre-IPO stage), Bespin Global (cumulative investment of KRW 209 billion) and Caroom.

During this time, the platform has maintained a good reputation in the space by collaborating with other networks in the industry. OPENTRACK is one of the networks joining the Label foundation. This partnership enables top instructors around the world to deliver early content within the LABEL ecosystem, and OPENTRACK serves as the primary content sourcing platform.

Additionally, the LABEL Foundation has used blockchain technology to change the MOOC and the music industry. It builds an NFT infrastructure for content creators, musicians, and fans.

Once development is complete, the LABEL Foundation is committed to providing an equitable distribution of profits to artists in the industry. The latest announcements of strategic partnerships with Ankr point to the progress underway.

The LABEL Foundation explained,

“Our team is ready to work for the betterment of the music industry, solving the biggest problems related to unfair profit sharing due to the lion’s share of intermediaries. Since we have great expertise in the music and entertainment industry, we are aware of the type of barriers that talented people face in the traditional music industry.

On the other hand, the native LABEL Foundation token – LBL can be traded on exchanges such as MEXC Global and PancakeSwap to name a few. Additionally, it is currently using Ethereum and BSC blockchain to support its platform. Therefore, traders and investors have the flexibility to choose which technologies they prefer using the network.

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