DWF Labs, a Web 3.0 investment company, contributed 1 million dollars to Label Foundation!
Label Foundation Receives 1 Million Investment
DWF Labs, a multi-stage web 3.0 investment company, recently invested $1 million in Label Foundation to expand the dApp TRACKS user base and bring new services to market.
The LABEL Foundation is a peer-to-peer incubation platform based on Ethereum and the BNB Chain. It delivers NFT infrastructures to E&M (Entertainment & Media) content providers, allowing them to monetize their IP rights.
DWF Labs is a subsidiary of Digital Wawe Finance, one of the world’s largest cryptocurrency dealers, trading spot and derivatives on over 40 major exchanges.
dApp TRACKS
According to DWF Labs, the company supports the development of dApp TRACKS, a product of the Label Foundation. The company expects to expand its user base by offering unique services to the market in the future.
DWF Labs, which recently invested in RACA2, continues to invest in the web 3.0 ecosystem, which is seen as the world of the future. Speaking about the investment, DWF Laboratories Managing Partner Andrei Grachev said:
“Their Listen-and-Earn TRACKS dApp is an exciting opportunity that has the potential to change the way music is created, shared, and monetized.”
Previously, LABEL Foundation raised two successful investment rounds led by traditional investment firms, eBest Investment & Securities and Groom Investments, allowing them to launch their innovative Listen-and-Earn TRACKS dApp, which recently completed a successful Closed-Beta-Test, with thousands of their users testing it.
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