Story Protocol launched its blockchain focused on intellectual property and its associated token IP on Thursday.
The blockchain is positioned as the “intellectual property network of the world”, providing users with a way of registering their IP and tracking how they use them. The token “$ IP” rightly called, which announced last week, is used for transaction rates and offers users a vote in the platform government system.
“The story is creating a new standard for the IP, which makes the kind of $ 61 trillion assets programmable for the IP to track, protect and monetice, allowing everyone to see the advantage,” said the project in A statement shared with COINDESK.
Until now, the idea seems to have had legs, at least with investors. PIP Labs, the main developer of the chain, raised $ 80 million in a Risk of Risk Financing of Series B directed by Andreessen Horowitz (A16Z), which carries the total financing of the project to $ 140 million.
PIP has tried to position history at the intersection of blockchain and artificial intelligence, a way for people to track and be paid for the data used to train AI models.
“Without an original IP, the AI models do not develop,” said the co -founder and CEO of Pip Labs, Sy Lee, to Coindesk. Today, AI is “taking, stealing all its data without your consent,” he said.
The launch of the Mainnet history accompanies the first unlocking event for the newly announced token IP. “The history unlocks 25% of the 1 billion of the initial IP, with 58.4% dedicated to the ecosystem and the community, the initial base and the incentives,” according to the project.
