Story Protocol
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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:
- Validators stake IP to maintain blockchain security and integrity in Story’s Proof-of-Stake consensus mechanism.
- All transactions on Story require IP as the gas token, ensuring sustained network operations.
- Token holders participate in governance decisions, steering the future of Story’s on-chain intellectual property market.
Specifications
- Name: Story Protocol
- Symbol: IP
- Platform: Story
- Type: Utility, Governance
- Total supply: 1,000,000,000 IP
News
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.
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.
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