Label Foundation joins Polygon’s Ecosystem!
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.
Dear Community,
We are thrilled to announce that the Label Foundation is partnering with Polygon Studios to join their rapidly growing ecosystem. Polygon is a layer 2 scaling solution that runs alongside the Ethereum blockchain making transactions faster and cheaper. Polygon’s network will help expand the blockchain capabilities of Label Foundation’s marketplace along with helping us connect to other blockchain projects in their ecosystem. Label’s NFT marketplace is scheduled to be launched in June, and we plan to have it fully supporting the Polygon Network along with the Binance Chain and Ethereum. NFTs minted in our platform will be in the Polygon Network.
Polygon is the first well-structured, easy to use platform for Ethereum scaling and infrastructure development. Polygon serves as a Proof of Stake (POS), Ethereum Virtual Machine compatible, secure, layer 2 solution for dApps providing fast transactions and low fees. One of the challenges with building on top of Ethereum is the high-fees and low throughput which is further exacerbated by the explosion of DeFi and massive dApp growth making your transactions more expensive. Polygon believes in Web3 for all and combines the best of Ethereum to form a full-fledged interoperable multichain system.
Our partnership with Polygon enables us to have a high throughput and scale without high fees. This means that users will not waste time concerned about how much transactions will cost but instead proceed with transactions in a faster manner. Additionally, this coincided in the nature of Label Foundation planning to become multichain. We aim to make Label Foundation interoperable between networks connected by bridges. Label’s NFT marketplace will launch with Polygon’s network fully integrated and during this time we plan to connect with projects within the Polygon Ecosystem to further enhance the growth of both projects.
Upcoming NFT Launch of Label Foundation
Label Foundation will be launching the first batch of exclusive NFTs in collaboration with famous artists. The partnership with Polygon Studios facilitates the new drop of our NFTs in our NFT marketplace along with future releases. A more elaborate explanation will be provided in the near future so stay tuned and up to date my following our announcement/community channels
Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. If you’re a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem, get started here.
🔗 FOLLOW US FOR MORE INFORMATION🔗
- 👉 Visit our Website: https://label.foundation/
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