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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:
Specifications
News
The upcoming Binance listing may significantly impact altcoins IP, PLUME, and GRASS. IP has surged 200%, while PLUME capitalizes on real-world assets, potentially hitting $0.30. GRASS, supported by AI and the Solana ecosystem, could rise beyond $3, reflecting optimistic market sentiment.
Story IP has surged beyond a symmetrical triangle pattern, now trading at 6.35 USD. Overcoming resistance at 6.50 USD may set it on track for a significant 42% price increase to 9.00 USD.
With the Relative Strength Index at 61 and trading volume up by 180%, there is strong bullish sentiment around Story IP. Traders are positioned for an upward trend, emphasizing growing optimism in the market.
Story Coin has grown by 2.5% in the last 24 hours, priced at 5.47 USD. Over the past month, it has gained 178%, making it the top asset among the top 100 coins despite a recent 4% weekly decline.
Launched only a month ago, Story Coin has potential for growth, especially with its ties to the AI sector, which rewards creators for intellectual property. Its strong fundamentals suggest good long-term prospects.
Story Coin’s relative strength index has risen, indicating potential further gains. Following its peak of 7.31 USD on February 26, the drop of 25% is minimal compared to declines seen in other top coins.
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.
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