Bitcoin News and Finance LABEL Foundation Announces the Strategic Partnership With Polygon Studios to Launch Their Dapp on Polygon Mainnet Skip to main content

LABEL Foundation Announces the Strategic Partnership With Polygon Studios to Launch Their Dapp on Polygon Mainnet

PRESS RELEASE. In this industry, it is crucial to establish key strategic partnerships in order to ensure both longevity and prosperity. As such, LABEL Foundation has officially announced a partnership with Polygon Studios, with the further intention to chase their multichain goal and launch their Dapp additionally on Polygon Network, along with Binance Smart Chain and Ethereum Network.

What is Polygon?

Polygon is a Layer-2 scaling solution which works in tandem with the Ethereum blockchain to make transactions quicker and less expensive. Polygon is a PoS (Proof-of-Stake), Ethereum Virtual Machine (EVM) compliant, secure, Layer-2 solution for dApps (decentralized applications) that offers rapid transactions and minimal costs.

Polygon Studios is Polygon’s gaming and NFT division, dedicated to doing its part in terms of building the worldwide blockchain-based gaming and NFT space as well as bridging the gap between Web 2.0 and Web 3.0 gaming via investment, marketing, and developer support.

How does the collaboration help?

LABEL’s collaboration with Polygon benefits everyone involved in two main ways. Firstly, it allows the LABEL team to have a large throughput and scale for their NFT marketplace without charging exorbitant fees, and secondly it helps in providing the ability to link other various projects in Polygon’s ecosystem.

Moreover, LABEL has recently established an on-ramp payment partnership with one of the unicorn firms in the industry – MoonPay, which also happens to be the strategic partner of Polygon Studios, which both are currently collaborating to launch the NFT NYC event in June. LABEL team will utilise their ties to collaborate further with Polygon-based initiatives. In addition to this, LABEL Foundation is extending Polygon’s network of projects and shall continue to interact with them for the foreseeable future.

About LABEL

LAEBL Foundation is an NFT infrastructure that serves as an incubator for world-class entertainment-education material. It is supported by the LBL governance and utility token, with the overarching goal of developing a fair profit-sharing economy with permissionless IP rights implementation. LABEL Foundation had also recently reached an all-time high in the midst of a market crash. Its price has risen by 140% over the weekend to $0.044 USD, according to Coinmarketcap.

Additionally, it presently has over 100 courses available, with prominent artists ready to be deployed on its platform. LABEL Foundation is hence developing a blockchain-based online education platform. Furthermore, in June, LABEL will open its NFT marketplace which will include collectibles, goods, and profit-sharing NFTs. LABEL is also presently onboarding artists for upcoming NFT releases.

Ultimately, LABEL strives to become more interoperable with numerous other chains. The team feels that multichain is the way of the future, hence the desire to deploy on other networks in the long-term. For the time being though, it will accept NFTs produced in Polygon as well as payment using LABEL’s ERC-20 and BEP-20 tokens.

Visit the official website and Twitter, Facebook and Telegram channels for more information and regular updates.

 

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory