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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 ACT and IP tokens saw a decline of up to 20%, related to high trading activity on Binance Futures. While both tokens stabilized after the drop, the rapid shifts highlight ongoing market fragility.
The increasing trading volumes on futures markets suggest a disconnect between token prices and their fundamental values. The activities on Binance significantly impact token fluctuations, prompting a wave of liquidation events that troubles investors.
In the third week of April, Solana experienced a 30% rebound with significant DEX trading volume and institutional backing. Ondo Finance benefits from a shift towards Real World Assets post-OM crash. Story Protocol faces challenges after a 16% decline, though anticipation remains around a possible Binance listing.
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.
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