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Story Protocol is a Layer 1 (L1) network designed to enable the tokenization of intellectual property (IP) assets, making them programmable in the AI era. The platform allows users to acquire, own, and trade various IP assets easily and capital-efficiently while leveraging blockchain technology to restrict unauthorized use of these assets by AI.
On August 21, 2024, PIP Labs (the company behind Story Protocol) closed a $80M Series B funding round from A16z, Polychain Capital, Scott Trowbridge, and Adrian Chen.