According to ChainCatcher, PIP Labs, the developer of Story Protocol, an intellectual property blockchain, announced the completion of a $80 million Series B financing, led by a16z crypto, with participation from Polychain, Scott Trowbridge, senior vice president and board member of Stability AI, Adrian Cheng, founder of K11, digital art collector Cozomo de'Medici, and No Capital. The new round of financing brings PIP Labs' total financing to $140 million.

Story Protocol is an intellectual property blockchain that aims to tokenize trillions of intellectual property assets and unlock the infinite creativity of programmable IP+AI. Currently, the number of IPs on the Story Protocol chain has exceeded 20 million, and more than 200 teams are building applications such as IPFi, AI, and consumer markets.