, a leading South Korean asset management firm, and Groom Investments, an early-stage investment fund, have indeed committed the aforementioned amount in equity funding to Clesson Co., Ltd, the parent company of LABEL Foundation as part of a new collaboration. The freshly collected funds, according to the LABEL team, will expedite the construction of the MOOC and music NFT infrastructure and attract more skilled IP holders into the platform.
The LABEL Foundation team is eager to contribute to the advancement of the music business by addressing the most pressing concerns connected to unjust profit-sharing owing to the lion’s share of middlemen. The team is aware of the challenges that talented artists confront in the traditional music industry because they have extensive experience in the music and entertainment industries.
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