TIA is currently listed on Binance at a maximum of 13u, and the current price is stable at around 12. The overall market is still relatively strong, and it has not fallen all the way due to the previous selling pressure! Congratulations to the friends who got on board at that time! We started in March and went online in October. In just half a year, the return on investment ratio is as high as 30 times. Compared with the half-year income of traditional entities, it is fortunate to be able to get back the principal. Imagine that half a year ago, everyone used 1000U of principal to do the secondary market. Can it reach 30,000U now? While the primary market protects the principal, most of the listings at least double the income. Which one is more stable? Needless to say? The wealth-making effect of blockchain has made traditional finance eager to move. Friends who want to participate in Blast private placement, please add WeChat at the end of the article.
At present, we are launching the Story project. The entry range is now in the low valuation range, and there is a lot of room for imagination above. Interested friends please continue to read on. Story is led by (A16Z) and Paris Hilton provides $54 million in financing, marking a turning point in the IP field. With the support of top investors and all-star project parties and rich experience in IP creation, the Story Protocol team is expected to bring a new IP co-creation paradigm that goes beyond the existing NFT gameplay.
As the most powerful creative tool in human history, the Internet's unique ability to connect, remix and distribute creative works at zero marginal cost has completely changed the traditional content creation, dissemination and consumption models.
Despite the vast amount of content created on the Internet, creators are still struggling to find ways to better mine and capture the value of the intellectual property (IP) they create. Traditional IP models lack transparency and are inefficient, with provenance and attribution limited by network speed and scale.
To address this problem, Story Protocol aims to create an intellectual property framework that integrates the open and collaborative principles of the Internet and becomes the native IP infrastructure of the Internet. In addition to modules that support frictionless licensing and IP remixing, the protocol will also provide a neutral provenance source to track the life cycle of IP evolution across media and platforms.
Just as Git revolutionized the development of open source software by supporting the network evolution of code, Story Protocol aims to change the development of creative IP and usher in a new era of networked and distributed creative IP.
A new era of intellectual property
In the nearly 600 years since Gutenberg invented movable type, the internet has evolved into the ultimate vehicle for the spread of ideas. Just as Gutenberg’s printing press gave rise to the first copyright law, the digital age requires a new intellectual property infrastructure.
The Internet not only enhanced the capabilities of the printing press, but also created a new model of online creation. Individuals can remix and distribute content at zero marginal cost. Take the mashups on TikTok, the derivative stories on fanfiction.net, Fifty Shades of Grey as Twilight fan fiction on the website, sampling on SoundCloud, and mod culture in games as examples. Users who used to be passive consumers are becoming active producers, shaping the culture of the networked development of creative works.
These online IPs are becoming the new normal, and AI will accelerate this shift, making production on the internet increasingly cheap. In a culture where copying is instant and remixing is inevitable, we need a new IP system that respects the rights of creators while recognizing that creation on the internet is an endless, recombinatory, and inherently social process.
Yet, today’s IP system is still constrained by the analog era. While today’s IP architecture retains its fundamental promise to incentivize creative work, it ignores the open nature of value creation on the Internet. Our existing IP model is too cumbersome to support co-creation, such as remixing, as a fundamental pillar of creativity. Rather than incorporating the openness of the Internet, most IP models emphasize defensive positions that add friction to the creative process.
Before we can unleash the full creativity of the Internet, we must upgrade our intellectual property infrastructure so that it evolves with the Web, not against it. This requires embracing the richness and social nature of the Internet while allowing creators to be rewarded for their work. This will enable creative works to proliferate at a speed and scale never before seen on the Internet.
Native IP Infrastructure
Story Protocol needs to meet two basic requirements to build this IP infrastructure.
First, the Internet needs a unified standard to track the origin and evolution of intellectual property. In the context of the Internet, the results of creation are often widely disseminated at zero marginal cost, making the content space appear to be almost infinite. Although this richness gives the Internet powerful capabilities, it also makes it difficult for creators to obtain the due return for the value of their creations. Without a tracking system to clearly record the complete life cycle of intellectual property from the initial creation to all subsequent mixed and derivative uses, creators cannot ensure that they can receive reasonable compensation for the use of their works. With the continuous development of artificial intelligence technology, the production of high-fidelity content has become more convenient, and our demand for such traceable and attributable solutions has become more urgent.
Second, the Internet needs a transparent, scalable licensing system. While documenting the provenance of IP, we also need to provide tools to help creators and contributors efficiently capture the value of their work. The current licensing system generally lacks transparency and flexibility: each license negotiation must be conducted separately, which severely hinders collaboration and remixing. Faced with the ever-changing and recombinant nature of the Internet, we need a more open, transparent scheme that allows IP owners to set the parameters of their own licensing rights, thereby enabling scalable one-to-many licensing. If we can provide a frictionless IP extension primitive that can be easily plugged into any software application, the next generation of IP will not only bring greater value to creators, but also drive the development of the largest franchises to date.
Story core elements
Story Protocol is committed to leading IP into the Internet era, building an open IP repository and a set of modules that can easily interact with IP.
The open IP repository provides an ideal platform for recording the evolution of all aspects of creative IP, including text, images, audio, etc. Just as Git effectively tracks the evolution of code through branches and version control, Story Protocol aims to become a tracking and management tool for creative IP.
In addition, modules are seamlessly composable, allowing any user to contribute to IP and receive corresponding value in return. These modules add more functionality on top of the IP repository, similar to how GitHub extends its functionality on top of Git by providing forks and requests.
Data structures and modules
To achieve this vision, the Story protocol architecture consists of two key elements: data structures and modules.
As the "noun" of the protocol, the data structure is responsible for storing relevant IP metadata into the "IP Lego", which is similar to the role of technical standards such as HTTP, HTML and CSS in Internet information sharing, providing support for the first basic requirement of Internet-native intellectual property.
Modules act as "verbs" to provide diverse functions for IP assets registered on the protocol. StoryProtocol's data structure accurately captures the core components of IP, and its modules represent the operations that can be performed on the data structure. This standardization makes it easy for any application to leverage our data structure as a source of global IP.
Modules meet the second requirement of Internet-native IP by enabling barrier-free extension of IP. Once an IP is captured by our "IP Lego", it can be combined and extended through our modules. Modules are features that unlock a range of special capabilities, such as licensing, revenue streams for derivative works, etc.
The licensing module can generate programmable licenses for all forms of IP, just like a programmable GettyImages for all forms of IP. Creators can transparently set licensing conditions so that others can seamlessly extend their work without the need for one-on-one legal negotiations.
Built on blockchain
The entire infrastructure, including data structures and modules, is built on the blockchain. With the growing amount of content on the Internet, blockchain provides the advantage of provenance and authenticity by eliminating the need for intermediary entities. Importantly, the decentralized nature of blockchain enables developers to create applications on the protocol without worrying about potential interference.
Intellectual Property Ecosystem
Without these builders, the next creative IP era will not be possible. Story Protocol is designed to serve as a base layer for IP applications, however, it is only through the joint efforts of entrepreneurs and developers on top of this protocol that the next creative era of the Internet can be ushered in.
Story envisions a powerful set of applications that will support the entire lifecycle of IP development needs and represent a new class of services that will exist on top of the protocol to support capital formation, co-creation, remixing, etc. If these applications, and others yet to be imagined, can be built on the Story Protocol, the future of IP may be full of possibilities.
A new kind of blockbuster
Let’s take a deeper look at the potential of Story Protocol, which has the potential to spawn the next high-profile super franchise like Game of Thrones. The creative elite behind this project have created a rich textual foundation for the story, characters, and settings, which are stored using the protocol’s data structures. Through the licensing module, they are able to quickly build a narrative universe and obtain economic rewards through translation of works, expansion into new media, creation of derivative works, merchandising, etc. These licenses can be obtained by professional creators and loyal fans to promote the development of stories.
As IP continues to accumulate and expand, its value increases accordingly. Creators can share part of the intellectual property or revenue through the protocol's licensing and royalty modules, providing participants with real skin in the game. As the IP grows, contributors (both amateurs and professionals) will be more motivated to join the network and shoulder the responsibility of expanding the IP and creating network effects. Many aspiring creators see the opportunity to launch their careers by contributing to classic works: a teenager from Nigeria contributed a character to the series and earned royalties from future revenue; a former Disney writer wrote a sequel chapter and earned more money than writing a popular book; a top graduate of creative writing at the University of Southern California gave up her Hollywood job to write on Story Protocol full time.
The rising value of the series has enabled the creators to expand into TV and film. Netflix and HBO have competed for the license. With strong interest, the negotiation power gradually tilts towards the creators. More importantly, when this IP eventually realizes the revenue of a major entertainment franchise, the earliest contributors will receive life-changing rewards.
Getting value from artificial intelligence
Generative AI is reshaping creative IP. Imagine a YouTube star from Colombia, using an advanced version of GPT to create the script and Runway AI to generate the video, to create a crossover movie that combines two iconic characters from different series. The work quickly became a hit, reaching 200 million views in a few weeks. Because the IP of both characters is stored in Story Protocol's data structure, the use of these characters in AI-generated works can be automatically tracked. Through the licensing module, any revenue generated by the film will flow back to the studio that owns each character.
In this scenario, creators and studios do not resist the general trend of AIGC, but actively use Story Protocol to embrace rich community co-creation. They store IP on Story Protocol, making it the basis for hundreds of inspiring works, which in turn increase the value of the underlying assets. Internet artists begin to allow others to generate images in their unique style, because any commercial value generated by derivative works based on their works will bring them a certain income return.
AI may be part of the value capture problem to some extent, but Story Protocol makes AI part of the solution through proper attribution and compensation mechanisms, allowing creators to leverage the explosion of AI content to capture more value than ever before.
Intellectual Property Mobility
In the future, intellectual property will become a liquid asset. How will its form evolve? In the past, intellectual property has been difficult to realize value on a larger scale due to its lack of liquidity. However, through the composability of Story Protocol's global IP repository, IP has gradually been integrated into the broader DeFi ecosystem.
Now, the popular IP market provides a centralized platform for creators and fans to better control their works and brands. This new "IP finance" ecosystem not only brings an efficient price discovery mechanism for intellectual property, but also provides a more robust financing mechanism for creative works and their derivatives.
On this basis, a whole new world of applications has been developed around IP, providing creators and communities with unprecedented development opportunities. This change not only provides more opportunities for creators, but also brings more choices and value to investors and consumers. As IP liquidity further improves, we can expect intellectual property to participate more actively in global economic activities in the future.
The bridge between norms and law
Story Protocol is committed to closely connecting the off-chain IP world with programmable blockchain assets to achieve an effective fusion of code and law. Its goal is to allow IP to merge with the openness and richness of the Internet, rather than oppose it. The Internet has brought new revolutionary methods of creation and distribution of works, including never-ending co-creation, participatory franchising, and AI-generated content. However, the current intellectual property infrastructure seems to resist the openness of the Internet, and Story Protocol is working hard to build an IP infrastructure suitable for the Internet era.
