Oh, the tales we could spin, dear reader! 📖✨ On this day, the 13th of February, the Web3 intellectual property protocol, Story, has announced its grand entrance onto the main stage of the blockchain theatre. 🎭✨
With a flourish of its digital cloak, Story revealed on the 11th of February, through the whispering corridors of X, that its native token, the illustrious IP, would grace us with its presence, enabling creators to safeguard their digital treasures and fill their coffers with the fruits of their labor. 💰🛡️
Behold, the initial staking period, “Singularity,” shall commence, with 1 billion IP tokens to be bestowed upon the land. Rewards, like ripe cherries in spring, will be distributed starting March 2nd. 🍒🌸
Ah, but what is a story without an audience? Exchanges such as Bitget, Bithumb, Bybit, KuCoin, Coinbase, and OKX have stepped forward to list the IP token, ensuring a grand spectacle for all to witness. 🎫👀
Story, in its infinite wisdom, aims to make intellectual property as malleable as clay in the hands of a master potter. An open market for IP shall emerge, where rights holders can register their creations and program the terms of use and payment, all while keeping the riff-raff at bay. 💼💰🚫
Direct registration on the blockchain, automatic licensing, revenue sharing, direct payments sans middlemen, and protection from unauthorized use—these are the gifts Story bestows upon its creators. 🎁🎉
Our hero, Jason Zhao, a former Google DeepMind product manager, founded Story in 2022, after recognizing the plight of creators whose works were remixed by AI without due compensation. 🤖💸
He lamented to CryptoMoon in December, “AI tools are marvelous, but they leave IP holders, platforms, and creators without a sustainable business model.” 🙄💸
With AI’s rise, IP is poised to become the cornerstone of a $61 trillion asset class, according to Story’s prophecy on February 7th. 🌟💰
And lo, over 50 applications have already taken root on the protocol, including Magma, a digital art collaboration platform boasting 2.5 million disciples. 🎨👥
In December, Story embraced the latest AI trend, agentic AI, introducing an experimental framework for AI agents to interact onchain, where bots are compensated for data exchange. 🤖🤝💰
Backed by the likes of Andreessen Horowitz, Polychain Capital, Hashed, and Samsung Next, Story has secured $29 million in seed funding in May 2023, $25 million in Series A in September 2023, and an additional $80 million in Series B in August 2024. 💰💰💰
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2025-02-11 09:26