Story Protocol Closes $29.3 Million Seed Round Led by a16z Crypto

Web3 startup Story Protocol closed a $29.3 Million seed round led by a16z Crypto, with participation from Hashed, Mirana Corp, DAO5, Samsung Next Fund, Two Small Fish Ventures, Berggruen, and SLVC. Story Protocol will use the funds to accelerate the development of its Web3 infrastructure platform.

The company's platform offers a way to create, govern, and license intellectual property on-chain and form an ecosystem of story legos that can be remixed and composed, enabling creators to build a narrative story with ownership and incentive.

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