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 has been 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 business, including some well-known NFT projects.