Author: Haotian
@StoryProtocol, which was once heavily bet by a16z, has also performed exceptionally well since its TGE. Its FDV has reached $7 billion against the trend, and it has been dubbed the "web3 Hollywood". But many people have never thought about what variables this Korean wave combined with AI Agent will bring to the Crypto ecosystem? Below, let me talk about my personal observations:
1) Obviously, Story's TGE was under pressure amid a chorus of pessimism, but surprisingly, after its launch, it did not continue to perform the market trend of VC coins being infinitely close to zero, but became the "puller king" of this round of VC new coins for the first time, and was therefore hailed as the "web3 Hollywood".
2) The pull-up is just an appearance. In my opinion, Story's choice of TGE against the trend and its outstanding performance after going online are all due to its finding the core narrative of "AI Agent". Because, Story was originally designed as a layer1 public chain designed for intellectual property (IP), with the goal of moving the management and transaction of intellectual property to the chain to promote the prosperity of web3 in vertical industries such as culture and art.
In order to carry forward the AI Agent narrative, at the end of 2024, Story launched a set of AI Agent transaction frameworks (ATCP/IP) to enable AI agents to autonomously exchange intellectual property assets, including AI Agent identity ID, artwork creation incentive and traceability verification network, AI autonomous investment decision-making legal personality and IP license framework, etc.
In short, relying on the framework and standards defined by Story in IP, combined with the application and narrative attention of AI Agent, Story naturally took over the fault in its NFT digital artwork narrative. Use the new on-chain IP backend framework standard + AI Agent front-end practical application to continue to realize your dream of on-chain Renaissance.
Imagine that when AI Agent has legal personality, it can be encapsulated by off-chain laws and executed by on-chain contracts, including "information request, clause formulation, negotiation, acceptance, information transmission, confirmation of receipt and other steps. At the same time, AI Agent can freely price and trade its trained and fine-tuned data, algorithms and models. Artists can use AI Agent to create more efficiently and form a decentralized intellectual property market that can share profits with other AI Agents.
3) In fact, since the launch of the Story mainnet, it has indeed come up with some new features in the direction of AI Agent and IPFi:
1. @SoloAI_Agent, as the leading AI Agent project in the Story ecosystem, focuses on allowing music works created by AI Agents to be converted into on-chain assets for free circulation within the ecosystem. Compared with the current situation where most AI Agents in the Solana ecosystem are too MEME-like, Solo has grasped the vertical direction of AI music creation as soon as it appeared, focusing on AI Agent Exploring the possibility of practical implementation is similar to the exploration of AI multimodality by web2 projects such as HeyGen. The token $Sona has been launched, but it has not been over-Fomoed; 2. @verio_story is the IP trust engine of Story Protocol, aiming to provide a financial and legal governance system for Story's newly proposed IP system. The dual pledge model was adopted when it was launched, and a set of verification and governance mechanisms were designed to help creators and investors ensure the authenticity and value of IP assets; 3. @PiperxProtocol / @0xStoryHunt, similar to the Radium and Jupiter core axes of the Solana ecosystem, are both ecologically leading decentralized exchanges, allowing the operation of on-chain Yield systems such as MEME transactions, DeFi liquidity mining, and IPFI income. If the Story ecosystem takes off in the future, the value of its core DEX niche will naturally emerge accordingly; 4. @Aria_Protocol, a Story-based IP RWA protocol, focuses on tokenizing top IP resources, and ultimately enables musicians and artists to create IP-based on-chain assets, so that songs, books, movies, artworks, patents, brands, AI training data, AI Prompt, etc. can be tokenized, circulated and traded online.
Recently, Aria announced that it had acquired some copyrights of the debut song "Black Mamba" by the Korean girl group Aespa and the single "The Truth Untold" by the world's top boy group BTS and Steve Aoki, and tokenized them. Other songs include works by top global artists such as BLACKPINK, Justin Bieber, Miley Cyrus, Dua Lipa, Katy Perry, BIGBANG, etc., which truly contributed to the value of "Korean Wave is Coming" on Story;
In addition, Story's ecology has expanded rapidly since its launch, and there are also projects classified into categories including WTF, Mimboku NFT, ipWorld, Spotlight, Unleash, Lewis, etc. There are undoubtedly some defects, but fortunately, the siphoning potential of its ecology has been initially revealed.
In fact, the young people's community in South Korea is very interested in Story's Shill Enthusiasm is also becoming popular. Many people regard Story as an opportunity to change their destiny. There is even an exaggerated statement that "without Story, you can't afford a house." This is actually a chess game for Story in community building. With the help of Korea's mature star fan economy system and the digital craze of all employees speculating in coins, it attempts to deeply integrate project ecological construction with Korean culture, which can not only bring incremental users, but also perhaps give birth to innovative web3 cultural product forms. By then, it is probably only a matter of time to complete the Listing puzzle of Upbit and other exchanges. That's all. Back to the beginning, why is it said that the combination of "Korean Wave + AI Agent" will be a new variable under the AI Agent trend? In fact, the crux lies in whether AI Agent can be put into practical application.
From the current perspective of Story's ecological distribution projects and development potential, there is a trend of bringing a new "Utility" to AI Agents, especially the performance of projects such as SoloAI and Aria. However, whether Story can finally compete with Solana in the direction of AI Agents will take more time to ferment.
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