According to Planet Daily, Story Protocol is building a programmable intellectual property (IP) layer that enables IP to be combined, mixed, and monetized through on-chain rules set by creators. Story Protocol transforms IP into a network that transcends media and platforms, unleashing global creativity and mobility. Creators and applications can register their IP to Story Protocol, converting static IPs into programmable IPs. Creators around the world can register their IP on the chain and smoothly declare the pricing and permissions of their works. In September 2023, the on-chain IP infrastructure Story Protocol has completed a total of US$54 million in financing, led by a16z, with participation from Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, etc.