Programmable IP + Generative AI, L1 Public Chain @StoryProtocol Developer PIP Labs Secures $140 Million in Funding

🤖️ Data is IP, native data has irreproducibility, it is unique and extremely valuable for AI

Currently, the value of users' data is captured by large companies, generating huge profits from commercial activities, while users cannot share in the profits

If you've watched Westworld, you know the scarcity and importance of data in the future!

AI greatly enhances productivity, but unlike AI, [human creativity] will be the scarce resource in the future!

Programmable IP: Story allows users to upload their data (music, video, algorithms, designs) onto the blockchain to secure intellectual property rights. Users can also update, set usage rules and prices, and access DeFi for collateral

Generative AI: Requires crawling large amounts of data for training and content output, Story allows users to benefit in this process

The four founders of Story are all from prestigious universities

@storysylee was responsible for global strategy at South Korean internet giant Kakao Entertainment

Part-time VP at investment firm @hashed_official

Founded the serialized storytelling platform Radish Fiction (similar to Jinjiang Literature in Korea) which was later acquired by Kakao for $440 million

Kim was responsible for employee management at Radish Fiction

@jasonjzhao was responsible for commercializing AI at Google AI lab Deepmind

The three rounds of funding totaled approximately $140 million, with @a16zcrypto leading the investment, which was mocked by everyone as another VC deal during the funding announcement.

As long as we don’t take over, we won’t be cut off 😂

Story has already achieved the tokenization of over 20 million IP assets on the blockchain, attracting more than 200 teams to build applications on its platform for IPFi, AI, and consumer markets.