LABEL issues NFTs in the WEB 3.0 music platform ecosystem and supports trading of the issued NFTs. LABEL Foundation will expand the platform use cases by reviewing and sequentially introducing business models that have been proven in the music industry, such as:
- Music Content Trading
- NFT Trading
- Concert Tickets
- Digital Merchandising
- NFT Artwork
Through this, the creative activities of musicians participating in the LABEL WEB 3.0 music platform ecosystem will be further promoted. TRACKS App users will be able to purchase various musician NFTs that are interesting and have high investment value through rewarded tokens.
LABEL's NFT Marketplace will support and expand collections with various specifications of smart contracts to support the issuance and transaction of creative and diverse forms of NFTs by musicians.
A) LABEL NFT
B) LABEL ARTWORK
C) LABEL IP RIGHTS
E) TRACKS HEADPHONE
F) MYSTERY BOX:
G) HEADPHONE BOX
NFTs, which will be newly launched in the LABEL WEB 3.0 music platform ecosystem, will first be sold on the NFT Marketplace through Launchpad. Various NFTs related to TRACKS, IPs of OPENTRACK/TRACKS registered content, and various NFTs of partner musicians will be released.
The secondary marketplace will be a marketplace that supports secondary transactions of NFTs sold at Launchpad. Buyers can choose to sell by auction or at a fixed price. $LBL, $BLB, and $BNB will be supported.
The NFT Creator is paid a 4% Loyalty. The transaction fee is 2.5%.