Story is developing a blockchain-based infrastructure for tokenizing intellectual property (IP), enabling creators to program and monetize their IP across various applications. This platform addresses the lack of control creators have over their IP in the age of AI, allowing them to set economic terms and ensure fair compensation for its use.
Funding
Funding not disclosed
Founders
Product
Problem
In the age of AI, creators often lack control over their intellectual property (IP), making it difficult to manage and monetize their work across various applications and platforms. Existing systems do not provide adequate mechanisms for setting economic terms or ensuring fair compensation for IP usage, especially in AI-driven contexts.
Solution
Story provides a blockchain-based infrastructure for registering, managing, and tokenizing intellectual property (IP), empowering creators to control and monetize their IP across AI, DeFi, and consumer applications. The platform enables creators to define the economic terms for IP usage, ensuring they receive fair compensation when their IP is used by AI models or other applications. By creating a fully on-chain IP graph, Story facilitates the remixing and expansion of IP across different mediums, fostering a collaborative ecosystem where developers and creators can build upon existing works. The platform's EVM-compatible Layer 1 blockchain allows developers to quickly deploy applications that leverage programmable IP, enabling new forms of creative expression and monetization.
Target Audience
The primary target audience includes creators, developers, and businesses seeking to protect, manage, and monetize their intellectual property in the age of AI and decentralized applications.
Features
- Tokenization of IP, enabling creators to exchange, grow, and distribute their creativity
- Tools for setting economic terms for AI usage of IP, ensuring fair compensation for creators
- Programmable IP features that allow developers to remix and expand IP across different mediums and platforms
- On-chain IP graph that makes IP portable and composable across applications
- EVM-compatible Layer 1 blockchain for rapid deployment of IP-focused applications
- IP Portal for registering and managing IP assets
- Support for on-chain disputing, powered by UMA protocol, for resolving IP-related conflicts