Story Protocol

About

Story Protocol is a next-generation Layer 1 blockchain built for intellectual property (IP). It changes how creators register, manage, and earn from their digital work. It works as a programmable IP infrastructure, where creators can bring their work on-chain and set usage rights, licensing terms, and revenue models directly using smart contracts. Unlike traditional IP systems that depend on slow legal processes, Story Protocol uses a decentralized IP management system where ownership, attribution, and royalties are handled automatically and stay transparent. The platform creates a global, on-chain IP repository where creators, developers, and AI systems can collaborate, license, and remix content easily. Key Features of Story Protocol: • Every IP asset acts as a programmable account that can hold assets and manage transactions and licensing on its own. • The PIL framework links legal agreements with blockchain execution, making licenses enforceable and automated. • Multiple creators can collaborate, remix, and build on IP while keeping attribution and revenue sharing intact. • Creators can register and verify ownership on the blockchain, ensuring authenticity and resolving disputes. • Licensing terms are predetermined, and payments are made automatically for real-time royalty distribution. Story Protocol Milestones: Years Key Achievements 2022 The company started in Palo Alto, founded by Seung Yoon Lee and Jason Zhao. The goal was clear from day one: fix IP issues in the era of generative AI. 2023 The team raised $54 million over two rounds. The seed round took place in May, followed by Series A in September. a16z crypto won both rounds, with help from Hashed and Samsung Next. 2024 The company raised $80 million in Series B fundraising, giving it a $2.25 billion valuation. This year also saw the debut of two testnets: Iliad in August and Odyssey in November. 2025 The Story mainnet launched on February 13, 2025. Along with it, the native $IP coin was introduced, which can be used for gas, governance, and staking.

Funding

• Series Ba16z8,00,00,00021 Aug 2024
• Series Aa16z crypto2,50,00,00006 Sept 2023
• Seed Rounda16z2,93,00,00017 May 2023

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