The decentralized intellectual property protocol, Story, has announced that its main network will be launched on February 13, and its native token, IP, will also be introduced. This token enables content creators to protect their work and earn income through their content. IP token will also be used for transactions and voting in governance decisions. Several major exchanges such as Bitget, Bithumb, Bybit, KuCoin, Binance, and OKEx have announced listing the IP token. Story protocol aims to programmable intellectual property by creating an open market using the IP token, allowing owners to register their content and plan the necessary terms and payments for its use. Through the Story protocol, content creators can directly register their work on the blockchain, create automated licensing and revenue sharing, receive payments without intermediaries, and protect their work against unauthorized use. Founded in 2022 by Jason Zhao, former Google DeepMind product manager, the Story protocol is now supported by reputable investment companies such as Andreessen Horowitz, PolyChain Capital, Hashed, and Samsung NEXT. In its initial funding round in May 2023, it raised $29 million, $25 million in Series A in September 2023, and $80 million in Series B in August 2024. Check the current prices of all tokens and cryptocurrencies live on the digital currency price page.
