According to Odaily Planet Daily, the intellectual property blockchain Story Protocol announced that its first public testnet Iliad has been launched, and users can explore building IP assets on the Story Network.

Earlier news, Story's core contributor team PIP Labs announced last week that it had completed an $80 million Series B financing round led by a16z crypto, with Polychain participating as a strategic investor.

Other existing investors include Scott Trowbridge, senior vice president and board member of Stability AI, Adrian Cheng, founder of K11, digital art collector Cozomo de'Medici, No Capital, etc. The new round of financing brings PIP Labs' total financing to US$140 million.