Story Protocol launched his Blockchain focused on intellectual property and his associated IP token on Thursday.
Blockchain is positioned as the “intellectual property network of the world”, offering users a way to record their IP and follow the way others use it. The well-named “$ $ $” token, that Story announced last week, is used for transaction costs and offers users a vote in the platform governance system.
“The story creates a new standard for the IP, which makes the asset class of 61 billions of programmable dollars so that the IP is followed, protected and monetized, allowing everyone to see the advantage,” said Declared the project in a shared press release with Coindesk.
So far, the idea seems to have had legs – at least with investors. PIP Labs, the main developer of the channel, collected $ 80 million in a financing round of the B series led by Andreessen Horowitz (A16Z), bringing total project funding to 140 million dollars.
PIP sought to position history at the intersection of blockchain and artificial intelligence, a way for people to follow and be paid for the data used to form AI models.
“Without an original IP, AI models do not develop,” said Pip Labs, Sy Lee. Today, AI “takes, steals all your data without your consent,” he said.
The history of the launch of Mainnet accompanies the first unlocking event for the just announced IP token. “History unlocks 25% of the $ 1 billion IP dollars, with 58.4% devoted to the ecosystem and the community, the foundation and the initial incentives”, according to the project.
