Public account: Coin Circle Master
1: IP narrative is highly practical, and the IP on the chain solves the ownership problem
Story Protocol is building web3 technology to revolutionize the way narrative worlds are created. Its mission is to unleash an entirely new way to create, manage, and license on-chain IP, ultimately forming an ecosystem of “story legos” that can be remixed and recombined. Story Protocol provides a simplified framework to manage the entire lifecycle of IP development, supporting features such as provenance tracking, frictionless licensing, and revenue sharing. Designed for creators of all media (prose, images, games, audio, etc.), applications built on Story Protocol enable writers and artists to track the provenance of their work, allowing anyone to contribute and remix while capturing the value of their contributions.
By building a system centered around creators and contributors, encouraging participation and ensuring clear IP ownership, Story Protocol helps creators grow their IP into a platform with network effects, where contributors play a key role. In a software platform, network effects occur when each participant who joins the ecosystem adds incremental value to the entire ecosystem.
2: A16z took a strong stand, participated in three rounds in a row, invested heavily in the B round of 80 million dollars, and the total financing reached an astonishing 145 million
I believe everyone has witnessed the strength and decisiveness of old institutions like A16z, and it is very rare to have such a strong platform as Story Protocol. It has participated in three consecutive rounds of investment, and the B round has invested as much as 80 million yuan. This also deeply represents A16z’s recognition of Story. With such a strong platform like A16z, the stability and space of Story Protocol have been greatly improved!
3: The mechanism is perfect, the second batch of locks are fully released, and you can get the results faster!
Regarding the current market situation, I think most players want to get results quickly, recover funds, and shorten the cycle. Story Protocol can easily meet these requirements:
1: The Story Protocol project is currently coming to an end, and the preliminary preparations have already been completed. This time, the popularity has been raised to the extreme again. It is expected that the first Binance, OKX will be launched in the fourth quarter!
2: The mechanism is perfect, lock 1 is fully released, and the periodicity of linear release is abandoned, so the results can be obtained faster without occupying funds.
3: Money makes things go faster. With such a huge amount of funding in this round of financing, we can only say that we are one step ahead in the next initial public offering. After all, money makes the world go round!
4: The project owner has a strong background
Story’s founding team “has deep expertise in both technology and creativity.” The a16z team was impressed by CEO and co-founder Seung Yoon Lee’s “vision and world-class tactical execution” when they first met him “three years ago.”
According to information collected by the Berggruen Institute, Seung Yoon Lee graduated from Oxford University and was elected as the first Asian chairman of the Oxford University Union. In addition, his mobile fiction app Radish Fiction was supported by SoftBank, UTA and Bertelsmann, and was acquired by South Korean technology giant Kakao for US$440 million in 2021. Lee also served as Kakao's global strategy officer, responsible for global investment and M&A activities.
In addition, Lee is a venture partner at Hashed, South Korea’s largest blockchain fund, and a fellow of Asia’s 21st Century Young Leaders and the Trilateral Commission. In 2016, Lee was also selected as the inaugural member of Forbes Asia Under 30 and was subsequently named an All-Star Alumni.
In addition, according to @jason_chen998, Seung Yoon Lee has worked in the South Korean Congress and the U.S. House of Representatives, and has also worked for two newspapers, "holding the three cards of government + media + capital at the same time."
As for Jason Zhao, the other co-founder who is currently leading Story's technical development, his resume is not as impressive as Seung Yoon Lee's, but it is still impressive. Jason Zhao graduated from Stanford University with a major in computer science and later worked at DeepMind.
summary
It is rare to have such a high enthusiasm in the current market. For the Story Protocol, in addition to the strong support of large institutions, there is also a broad market space. After all, the gaps in the IP on the chain are visible, and the narrative is not small, which has greatly increased everyone's expectations. This is also the second batch of quotas, which is very limited. Seizing the moment and staying at the forefront are always the most important things to do in this circle!
