LABEL AI LBL Price

What is LABEL AI (LBL)?

LABEL AI (LBL) is a new NFT platform on the Ethereum Network. It uses the $LBL token to manage and govern the platform, helping users share profits fairly and manage intellectual property (IP) rights. The platform allows people to invest in and support entertainment and educational content through a decentralized voting system.

How Does the $LBL Token Work?

The $LBL token is essential for LABEL AI and has three main uses:

Payments: It’s used for transactions within the platform.

Staking: Users can earn from transaction fees by staking their $LBL tokens.

Governance: Token holders can vote on important decisions about the platform.

NFTs and IP Rights on LABEL AI

LABEL AI uses different NFT standards for various purposes:

ERC-721 Tokens: These are used for unique items like artist equipment or special albums, which can be sold as NFTs.

ERC-1155 Tokens: These manage IP rights. Content creators can tokenize their work, and if the community votes to support it, the IP is registered, and contributors receive NFT equity based on their investment.

The DAO Voting System

The DAO voting system allows $LBL token holders to decide which projects to fund. This system ensures that the community has a say in the projects and can share in the profits through NFT ownership.

What is unique about LABEL AI (LBL)?

LABEL AI (LBL) stands out by combining decentralized NFT infrastructure with a DAO voting system, enabling fair profit sharing and IP rights management on the Ethereum Network through its $LBL utility and governance token.

Who are the founders of LABEL AI (LBL)?

The founder of LABEL AI (LBL) is Hyungjun Kim.

Where can I buy LABEL AI (LBL)?

 Bithumb, Coinone