Label Foundation x Polygon Partnership

LABEL has announced a partnership with Polygon Studios to join their rapidly growing ecosystem.

LABEL Foundation’s partnership with Polygon enables them to have a high throughput and scale without high fees. In other words, users can proceed with transactions in a faster manner and at low-cost fees. Additionally, this coincided with the nature of Label Foundation’s planning to become multichain. They aim to make Label Foundation interoperable between networks connected by bridges. Label’s NFT marketplace will launch with Polygon’s network fully integrated and plan to connect with projects within the Polygon Ecosystem to further enhance the growth of both projects.

Upcoming NFT Launch of Label Foundation

Label Foundation will be launching the first batch of exclusive NFTs in collaboration with famous artists. The partnership with Polygon Studios facilitates the new drop of its NFTs in their NFT marketplace along with future releases.

Polygon’s network will help expand the blockchain capabilities of Label Foundation’s marketplace along with helping them connect to other blockchain projects in their ecosystem. Label’s NFT marketplace is scheduled to be launched in June, and plan to have it fully supporting the Polygon Network along with the Binance Chain and Ethereum. NFTs minted in its platform will be in the Polygon Network.

About Polygon Studios 

Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry.  Bridging the gap between Web 2 and Web 3 gaming through investment, marketing and developer support.

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About Polygon

Polygon is the first well-structured, easy to use platform for Ethereum scaling and infrastructure development. Polygon serves as a Proof of Stake, EVM compatible, secure, layer2 solution for dApps providing fast transactions and low fees.

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About LABEL Foundation

LABEL is an unparalleled NFT infrastructure built on top of Ethereum Network, powered by LBL utility and governance token. With a unified goal to establish a fair profit-sharing ecosystem with the permissionless integration of IP rights. LABEL provides a decentralized P2P incubating platform to invest in world-class entertainment-education content through the DAO voting system to further allow contributors to claim profits through the NFT shareholding mechanism.

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SOURCE:
LABEL Foundation