IP Infrastructure Story Protocol Raises Over $54 Million in Funding Led by a16z

IP infrastructure Story Protocol has raised over $54 million in funding led by a16z with participation from Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, and others.

Story Protocol is a protocol for creating, managing, and licensing new intellectual property on-chain, designed to democratize intellectual property creation through a global, scalable IP repository. The protocol provides a simple framework to manage the entire lifecycle of IP development to enable features such as source tracking, frictionless licensing, and revenue sharing.

The protocol aims to attract a rich ecosystem of third-party developers offering services including crowdfunding, capital formation, IP discovery, licensing modules, AI content certification, and community development. Story Protocol offers an open modular architecture into which any application can plug, and its decentralized nature eliminates platform risk for ecosystem builders.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com