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Information about Story Protocol (IP)
Story is a purpose-built layer 1 blockchain designed specifically for intellectual property. Story tokenizes any type of IP; whether that’s an idea, an image, a real world asset, a song, an AI model, an NFT or anything in-between.
By embedding usage terms, attribution, and royalty agreements directly into the blockchain, Story provides a transparent, decentralized solution for IP management. This enables IP holders to protect their work, collaborate on IP seamlessly, and unlock revenue opportunities in an AI-powered economy.
Through three funding rounds, the project has successfully raised a total of $140 million at a valuation of $2.25 billion. Notably, a16z has led all funding rounds, demonstrating the firm’s strong commitment to the project.
IP is a native coin of the Story Protocol ecosystem, operating on Story and can be used to:
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News
Story’s IP has achieved a remarkable 17% gain over the past week, despite the general cryptocurrency market declining. This altcoin continued to show bullish momentum, driven by positive technical indicators.
Trading above the key support level of 5.54 USD, if buying pressure persists, IP could aim for its all-time high of 7.95 USD. Recent activity indicates strong upward trends and potential for further gains.
IP has emerged as the leading gainer, increasing 4% despite a broader market decline. The bullish momentum underscores strong demand and significant trading activity.
The short squeeze resulted in 1 million USD in liquidations, prompting bearish traders to adjust their positions as IP targets potential price points of 6 USD or could decrease to 4.36 USD.
IP trading volume is $97.57m.
IP trading volume is $201.45m.
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