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Despite the fact that global intangible assets' value surged to $61.9 trillion in 2023, existing blockchains aren’t suitable for efficiently handling intellectual property (IP) management. Story aims to change this with the world's first Layer 1 (L1) chain that’s been specifically built for IP. In this article, you’ll learn what Story is, who founded and invested in the project, how it works and what its ecosystem looks like. Let's get started!
Key Takeaways:
Story is a purpose-built Layer 1 blockchain for IP management, enforcement and tokenization.
With its Proof-of-Creativity protocol and Programmable IP License (PIL), Story enables creators to protect their work, define the way others use it and access new opportunities to earn fair revenue.
With nearly $135 million raised so far, Story provides the necessary tools and infrastructure for efficient IP management in the AI-powered economy.
Story is a Layer 1 blockchain network built purposely for intellectual property (IP). Tapping into a multitrillion-dollar industry, it tokenizes IP, such as real-world assets (RWAs), AI models, songs and image rights, and embeds attributions, royalty agreements and usage terms directly into its chain. As a decentralized and transparent solution for intellectual property management, Story offers IP holders enhanced IP protection, seamless collaboration and access to new revenue opportunities. The project's intentional blockchain comes in especially handy in today's increasingly AI-powered economy.