Story Protocol is a Layer 1 blockchain designed to register, track, and monetize intellectual property (IP) in a decentralized system. It allows creators to tokenize their work, set licensing terms, and automate royalty payments without relying on centralized platforms or legal intermediaries. The protocol aims to address issues in copyright protection, licensing transparency, and fair compensation, making it a potential game-changer for artists, writers, AI-generated content, and other digital creators.
Story Protocol uses blockchain technology to manage intellectual property assets efficiently. Creators can register their IP as NFTs (ERC-721 tokens), enabling proof of ownership, transferability, and licensing on the blockchain. Smart contracts handle licensing agreements and automated royalty distribution, ensuring that creators are compensated whenever their work is used or adapted. Additionally, Story Protocol features multi-core blockchain architecture, allowing for scalability, cross-chain interoperability, and integration with AI and Web3 applications.
Story Protocol was founded in 2022 by Seung Yoon Lee, Jason Zhao, and Jason Levy.
IP, the native token of the Story Protocol ecosystem, is available on various exchanges. It has a total supply of 1 billion tokens.
Consider investing in Story Protocol (IP)? Follow these steps:
1. Create an account on Bitget .
2. Verify your identity.
3. Deposit funds.
4. Check out the available Story Protocol trading pairs on Bitget.
Story Protocol brings a new approach to intellectual property management using blockchain, but its success depends on adoption. As with any crypto investment, factors like market demand, competition, and regulation will play a big role. Investors should do their own research and consider the risks before making a decision.
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