Clesson Co. Ltd - The Operating Company of LABEL Foundation Receives USD 2 Million Equity Funding From Groom Investments And eBEST Investments & Securities

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Clesson, the operating firm of the LABEL Foundation, has received an extra $2 million in equity funding from eBest Investments & Securities and Groom Investments to advance the Web 3.0 NFT infrastructure for musicians, fans, and content producers and boost the revolution in the industry. 

eBest Investments and Securities, 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.

Previously, the LABEL core team announced the release of OPENTRACK 2.0, which includes better compatibility with the LABEL dApp. The newly released version simplifies the transfer of intellectual property rights by making it clearer, smoother, and more user-friendly. IPs of well-known artists such as Docskim (BTS producer), Aaron Spears (ex-collaborator with Lady Gaga and Lil Wayne), Philip Lassiter (11x Grammy winner), and many more look to be moving onto the fresh new LABEL Foundation's NFT infrastructure.

LABEL Foundation has pioneered the use of blockchain technology to transform the MOOC and music industries. The core team is constructing the NFT infrastructure for content producers, musicians, and fans, while the initial IPs are provided by Ableton certified parent sister firm OPENTRACK. Once completed, the LABEL Foundation pledges to deliver equitable profit sharing for artists,