Story Protocol is developing a blockchain platform that tokenizes intellectual property (IP) to enable creators to control and monetize their work in the age of AI. By providing a programmable IP framework, the platform facilitates the exchange and growth of creative assets across various applications, ensuring fair compensation and ownership rights for creators.
Funding
$164M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the age of AI, creators often lack control over their intellectual property (IP), facing challenges in monetizing and managing their creative assets across various platforms. Existing systems often fail to provide a transparent and programmable framework for IP ownership, licensing, and revenue sharing, hindering innovation and fair compensation.
Solution
Story Protocol is a blockchain-based platform designed to tokenize and manage intellectual property, empowering creators to control and monetize their work. By providing a programmable IP framework, Story Protocol facilitates the exchange, remixing, and expansion of creative assets across different mediums and applications. The platform enables creators to define the economic terms for how AI and other applications can utilize their IP, ensuring fair compensation and fostering community growth. Through on-chain registration and licensing, Story Protocol establishes a transparent and verifiable system for IP ownership and usage, promoting collaboration and innovation in the digital age.
Target Audience
The primary target audience includes creators, developers, and businesses in the AI, DeFi, and consumer application spaces who seek to manage, monetize, and protect their intellectual property rights in a decentralized and transparent manner.
Features
- Tokenization of intellectual property, enabling creators to represent their work as digital assets on the blockchain
- Programmable IP licenses that allow creators to define usage rights, royalties, and other economic terms
- On-chain IP graph that tracks the relationships between different creative assets, facilitating remixing and collaboration
- Integration with AI platforms, allowing creators to control how their IP is used in AI models and applications
- Support for community-driven curation and discovery of IP assets
- EVM-compatible Layer 1 blockchain for deploying IP-related applications
- Tools for on-chain disputing and resolution of IP rights powered by UMA protocol