According to ChainCatcher, Jason Zhao, co-founder of blockchain startup Story, said that Story's customized layer 1 network for intellectual property management is expected to be launched later this year. The project is supported by well-known venture capital firms, including Paris Hilton's 11:11 Media, Samsung Ventures, and Andreessen Horowitz. Jason Zhao said that Story was founded in 2023 and has accumulated more than 50 customers who hope to incorporate intellectual property-centric tools into their businesses, including some well-known NFT projects.