According to official news, Story Protocol is building a programmable intellectual property (IP) layer that enables IP to be combined, mixed and monetized through on-chain rules set by creators. Story Protocol transforms IP into a network that transcends media and platforms, unleashing creativity and mobility around the world. Generative AI is inspiring creativity. Anyone with an Internet connection can create high-quality art, music, and video.
Creators and applications can register their IP with Story Protocol, converting their static IP into programmable IP by claiming a set of rights that can be read and written on-chain. Through Story Protocol, global creators can register their IP on the chain and smoothly declare the pricing and permissions of their works.
According to news in September 2023, the on-chain IP infrastructure Story Protocol has completed a total of US$54 million in financing, led by a16z, with participation from Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, etc.