According to Odaily, Story Protocol has announced the launch of its first public testnet, Iliad, on the X platform. This development allows users to explore the creation of intellectual property (IP) assets on the Story Network.
Last week, Story's core contributor team, PIP Labs, revealed the completion of an $80 million Series B funding round led by a16z crypto, with Polychain participating as a strategic investor. Other notable investors include Scott Trowbridge, Senior Vice President and Board Member of Stability AI, Adrian Cheng, founder of K11, and digital art collector Cozomo de'Medici, among others. This latest round of funding brings PIP Labs' total financing to $140 million.