What is Story Protocol? – Coinbold

story protocola blockchain platform dedicated to protecting intellectual property, has raised $80 million in a Series B funding round, bringing its total funding to $140 million. What makes this project so attractive to investors? Coinbold We’ll dig deeper to find the answer.

What is Story Protocol?

story protocol A groundbreaking new platform designed for intellectual property. It promises to revolutionize the way we manage and monetize our creations. By bringing intellectual property to the blockchain, Story Protocol creates a transparent, automated system that makes it easy for creators to license, track revenue, and protect ownership.

What sets Story Protocol apart is its ability to process complex data structures quickly and efficiently. Additionally, compatibility with EVM opens the door to a broader developer community. As a result, Story Protocol is not only an IP management tool, but also a platform for creators to connect, collaborate, and build a new creative content ecosystem.

Story Protocol Architecture

story network

story networkLayer 1 blockchain built on Cosmos SDK EVM Compatibility. The “mature ComeBFT stack” consensus mechanism ensures rapid finality at low cost. Pre-compiled prototypes enable efficient processing of complex IP data, earning it the title “IP Blockchain of the World.”

proof of creativity

proof of creativity Allows users to create IP Assets (IPAs) On the Story Network, an IPA is an on-chain metadata representation comprised of NFTs representing intellectual property and associated accounts.

module It is a standalone smart contract that facilitates interaction with IPA. The core modules are:

• License module: Manage and issue licenses for intellectual property rights.
• Loyalty module: Handles royalties.
• Dispute module: Resolve disputes related to intellectual property rights.

Programmable IP License

Programmable IP License (PIL) An off-chain legal agreement that allows owners to set the terms of use for their intellectual property. Users can utilize real-world assets by purchasing PIL.

Story Protocol Team

Leading the Story Protocol project is a team of visionaries and industry veterans.

• Seungyoon LeeAs co-founder and CEO, he is a prominent figure in the Asian startup scene. Before co-founding Story Protocol, he achieved incredible success with Radish Fiction, a storytelling app that Kakao acquired for $440 million. He is also a Global Council Member of the Asia Society and a Venture Partner at Hashed, one of the leading cryptocurrency investment funds.
• Jason LevyThe co-founders bring valuable experience from renowned technology companies such as Worlds Between Worlds and Pocket Game.
• Jason ZhaoProtocol lead and co-founder of Story Protocol. Jason was previously a Product Manager at DeepMind, where he focused on producing cutting-edge artificial intelligence models for Google across industrial and enterprise applications. He is an active angel investor in frontier technology startups. Jason served as founding editor-in-chief of Stanford Rewired, a magazine focused on the intersection of storytelling and technology. As a design fellow at IDEO, Jason created and taught courses at Stanford’s d.school. Jason holds both a Bachelor’s degree in Philosophy and a Master’s degree in Computer Science from Stanford University.

investor

Story Protocol, a promising blockchain project, announced that it has successfully raised a $140 million Series A funding round. This round was led by a16z, a well-known venture capital firm, with participation from leading players in the industry, including Polychain Capital, Hashed Fund, SamsungNext, and Alliance DAO. This round in particular attracted the attention of prominent angel investors such as Scott Trowbridge, Balaji Srinivasan, and Charlie Songhurst.