LABEL Foundation — Next generation blockchain-based entertainment-education platform.
Welcome to the LABEL Foundation,
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 ecosystem with the permissionless integration of IP rights. We are thrilled to announce that LABEL is now going to be active on almost all the SNS platforms, uploading most of the long-format introductory/announcement posts on its Medium Publication. We will present you with an opportunity to get more familiar with the LABEL to learn more about the revolutionary blockchain-based NFT infrastructure with a solid incubating system. Let’s start off with a brief introduction of the LABEL Platform.
LABEL — the next generation blockchain-based entertainment-education platform
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 ecosystem with the permissionless integration of IP rights. LABEL provides a decentralized P2P incubating platform to support world-class entertainment-education content through the DAO voting system, further enabling contributors to participate in the NFT shareholding mechanism.
The LABEL platform builds an ecosystem that establishes a fair and decentralized incubating system, aiming to provide content creators in the MOOC industry easier access to the promotion and distribution of their IP rights, hence striving to improve the existing structure in the sphere and prevent copyright infringement cases across the industry.
Why MOOC & Blockchain convergence is inevitable?
It should be noted that with the current pace of technological advancements and the world’s changing nature, it is inevitably important to keep up with the lifelong education concept in order to be always relevant in the labor market. The multifaceted transformations occurring worldwide demand people of all ages and job positions to upgrade their existing skills and cultivate new ones in order to stay competitive. As a result, the MOOC industry is constantly growing on a steep trajectory with its consistent adoption from diverse segments. However, the traditional MOOC platforms that offer educational courses and classes are bound to experience potential challenges in the highly demanded, yet underdeveloped ecosystem. Label Foundation is here for the transformation and adaptation of the MOOC infrastructure for the masses utilizing the distributed ledger technology to emphasize the fairness and decentralization pillars.
Label Foundation is transparently fair MOOC ecosystem
LABEL provides a decentralized P2P incubating platform to support world-class entertainment-education content through the DAO voting system, further enabling contributors to participate in the NFT shareholding mechanism.
Online education has been capturing the public’s attention way far before the global pandemic started, for example, the Coursera platform had 8 million active users on its platform as of 2019. Corona’s aftermath illustrated that the true value and benefits of online education were appreciated by many. So, the number of active users on Coursera has overreached 77 million in the 2020 year and this trend does not show any sign to stop its growth.
Throughout the huge research and interviews with the hundreds of online educational platform’s representatives, Label discovered a high need for redeveloping the MOOC industry.
The main driving factor behind the Label Foundation’s creation was the nonnegligible ecosystem’s shortages:
- Incapability of traditional MOOC platforms properly utilize P2P structure
Many major platforms take the largest portion of profit allocation as middlemen between content creators and users/learners. Thus, it leaves all creators and instructors of the online classes with unfair profit.
- Unrealistic high barriers for the majority of professional instructors
The platform owners are usually a few people who decide what classes should be allowed to the platform and granted the financial aid.
- Copyrights and IP issues
Content creators are always at the risk of illegal usage of their original content by a third party. Label is ultimately a trustless platform that utilizes distributed ledger for transparency.
“I saw that someone uploaded my educational courses on the Coursera platform and made around 35k on it. I did not know about it for 5 months.” Professional Instructor.
The utilization of distributed ledger should be implemented in the daily operations of MOOC platforms to eliminate the illegal use of content.
How Label Foundation works
The LABEL team devises a blockchain-based incubating platform that will address and strive to solve the problems associated with the Value Chain in the global educational content market. LABEL’s NFT technology will also grant ownership to the creators over their courses, thereby maintaining various blockchain functions, including copyright protection, transparency provision, and elimination of the unnecessary intermediation aspects. LABEL aims to facilitate communication between creators and consumers of different kinds of digital pieces of content around the world, providing the utmost and advanced blockchain-based Value Chain.
🔗 Social Media Links 🔗
• Visit our Website: https://label.foundation/
• Follow us on Twitter: https://twitter.com/LABELFoundation
• Join Telegram Community: https://t.me/LABEL_foundation
• Join Telegram ANN: https://t.me/labelfoundation
• Facebook: https://www.facebook.com/labelfoundation
📩 For business & partnership inquiries: contact@label.foundation
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