🎉 Story Protocol has just secured $80.00M in its latest funding round! 🎉
🔹About: Story Protocol is an innovative blockchain project designed to revolutionize intellectual property (IP) management. It operates as an EVM-compatible layer one (L1) blockchain, specializing in tokenizing various forms of IP, including literary works, artistic creations, AI models, and gaming assets. By leveraging blockchain technology, Story Protocol aims to create a decentralized and permissionless IP repository, enabling creators to manage, monetize, and track their IP seamlessly.
The project gained significant attention after raising over $134 million in a funding round led by Andreessen Horowitz, with notable investors like Balaji Srinivasan and Roham Gharegozlou. Story Protocol’s ecosystem allows creators to tokenize IP licenses as ERC-721 or ERC-20 tokens, ensuring automatic enforcement of licensing terms and royalty fees through smart contracts. This system not only simplifies IP management but also democratizes access to IP creation and commercialization, making it easier for creators to protect and profit from their work.
Additionally, Story Protocol has partnered with the AI startup Ritual to integrate AI models into its platform, further expanding its capabilities. This collaboration allows for the registration and tracking of AI-generated content, ensuring transparency and authenticity in the use of AI models. Overall, Story Protocol is poised to transform the way IP is handled in the digital age, offering a robust and scalable solution for creators worldwide. 🚀
🔹 Lead Investors: a16z, Polychain Capital, Balaji Srinivasan, Hashed Fund, Mirana Ventures, SamsungNext and many more.
🔹 Total Raised: $134.30M.
🔹 Project Category: IP Blockchain, Social, AI.
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