Story Protocol Launches Blockchain for Intellectual Property Management
- Story Protocol launched a blockchain focused on intellectual property (IP).
- The “$IP” token is used for transaction fees and governance votes.
- PIP Labs raised $80 million in a Series B round, totaling $140 million in funding.
- The project aims to make the $61 trillion IP asset class programmable.
- 25% of the initial 1 billion $IP tokens are being unlocked, with 58.4% allocated to the community and incentives.
Story Protocol introduces a blockchain network designed for registering and tracking IP usage, supported by an $80 million investment led by Andreessen Horowitz. The platform’s initial token release includes unlocking 25% of its $IP tokens.
Source (2.6)https://www.coindesk.com/tech/2025/02/13/story-protocol-launches-to-let-people-to-register-ip-and-get-paid-for-it?rand=52298
