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
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