A brief analysis of Story Protocol’s AI agent trading market

Author: Blue Fox Notes Source: X, @lanhubiji

To understand Story, first understand IP

First, IP itself is a valuable asset

Story is an L1 chain for IP. To understand story, you must first understand IP. IP is a market with huge capacity, including brands, creative works, technological achievements, etc. Specifically, it can be a song, a game, a brand, a technical patent, or it can be MEME or AI training data common in the encryption field, etc.

In other words, IP is a type of asset. As long as it is an asset, there will be needs such as asset issuance and asset trading. This opens up the application scenarios of IP. It can be combined with DeFi and AI agent. This will be described later.

Second, there are essential differences between IP assets off-chain and on-chain. IP on-chain is programmable, allowing IP owners to control IP, own IP, and earn income through IP.

The significance of Story for IP assets

Because IP is an asset, the scenarios that can be implemented off-chain are not as good as on-chain, especially in terms of asset liquidity. On-chain, IP owners can not only have control, but also realize more income through the market. This is also the source of Stroy's importance to IP assets. For Story, there are two IP markets, one is the on-chain market for off-chain IP assets, similar to RWA; the other is the on-chain IP market for the issuance, trading and management of on-chain IP assets.

The market economy between Story and AI agent

Story combines with AI in many aspects. These include: becoming important training data, with benefits shared by multiple parties; AI agents generating on-chain IP assets; AI agents can use Story's on-chain IP assets; commercial transactions between AI agents (trading training data, creative works, etc.). That is, forming an on-chain market that combines IP and AI agents.

The most important reason why Stroy and AI agents can be combined is the uniqueness of IP. Uniqueness is similar to DNA. This is a good combination for AI agents and model training.

It was mentioned earlier that the cooperation between Stroy and Stabiltiy is a win-win for both parties. From Story's perspective, Stability's AI model can be used to provide creators (including artists and developers, etc.) with a model for measurable contributions. For example, one of the use cases is to register the unique style of artists (writers, painters, musicians, etc.) as transparently usable IP data, which can become training data. For Stability, Story's IP data is used to fine-tune and train its model. Once this kind of cooperation generates income, such as creators using these IP data to train and fine-tune and generate income, all participants can obtain income.

Story is going to launch TCP/IP for AI agents, with the aim of building a trading market between AI agents. This is the key to Story's attempt to maximize its IP characteristics, and it is also an important step in determining the capacity of its future market size.

From what Story has disclosed so far, its TCP/IP is a framework that supports agents to trade IP with each other. Agents can trade training data, creative styles, investment strategies, etc. with each other. Story plans to integrate Eliza of ai16z and GAME framework of Virtual, and it is estimated that swarms, arc, etc. will be integrated in the future. The main purpose is to allow all agents to trade IP assets with each other.

For example, a human user or organization initiates a creative demand to an agent with a certain music style (unique IP) and places an order. According to the needs of the customer, the AI ​​agent decided to initiate the purchase of IP from other music style (unique IP) agents after thinking, so as to integrate and generate new music styles (new IPs), and finally submit the work to the customer. This is not only an interaction between humans and AI agents, but also a transaction between AI agents.

There will be a variety of interactions and transactions here, forming a market full of IP innovative assets. In addition, story hired AI agent LUNA as its promotion intern and is expected to pay a salary of more than 300,000 US dollars. This also demonstrated the scenario of transactions between Stroy's AI agents.

Since there will be countless on-chain AI agents in the future, these AI Agents have the need to interact and trade with each other. The transaction content of AI Agents often also includes IP. Story is targeting this market, and can manage a large number of IPs through its TCP/IP framework. Without trust and intermediaries, AI agents can interact and trade with each other, thereby promoting the prosperity of the transaction market between AI agents.

In general, the future is an era of rapid growth of AI agents, and there is a need for transactions between AI agents. The Story framework is to help these AI agents interact and trade IPs, thereby creating a new type of on-chain economy. Whether it will ultimately succeed depends mainly on the total scale of IP transactions between AI agents relying on Story.