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LABEL is an NFT infrastructure built on top of the Ethereum network, powered by LBL utility and governance tokens, with the unified goal of building a fair profit-sharing ecosystem with permissionless intellectual property integration. LABEL provides a decentralized P2P incubation platform, invests in world-class entertainment and education content through the DAO voting system, and further allows contributors to claim profits through the NFT equity mechanism.
The LBL token is an Ethereum-based utility and governance token that can be used in a variety of ways to drive the growth of the LABEL ecosystem. LBL Token is mainly used to build a basic token economy on the LABEL platform, acting as a payment, mortgage and governance unit.