Coinlaunch Trust Score
79/ 100 High
Story Protocol Price:
$0.315 0.64%
🏦 Market Cap $112,187,850
💰 FDV $324,400,227
📊 Volume $37,910,514
📈 ATH Price $14.78
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Top Investor
Polychain Capital logo
Polychain Capital Venture
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Story Protocol (IP)

Past
Total Raise: $134,300,000
Date: 17 May 2023 - 01 Sep 2025

Story protocol is a fully compatible Layer 1 network built with the Cosmos SDK that aims to bring intellectual property markets into the Web3 industry. It enables users to acquire, store, and monetize their intellectual property assets in a simpler, cheaper, and faster way compared to traditional institutions.

Since its inception in 2021, the Story Foundation has raised over $134.3M from Andreessen Horowitz (a16z), Polychain Capital, and other prominent investors.

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Story Protocol Overview

Ticker: IP
Country: United States
Founded: 2021
Whitelist: No
Blockchain Network: Story Network
KYC: No
Bounty: Yes
Type: Equity
MVP: Yes
Token Contracts:
No
Whitepaper: Download

IP/USD Price Chart

📈 ATH Price $14.78
📉 ATL Price $0.275
 
Exchange Pair Price Volume (24H) Trust Score
OKX
IP/USDT

USDT 0.315

$0.315

7.59M
Bybit
IP/USDT

USDT 0.315

$0.314

8M
Bitget
IP/USDT

USDT 0.315

$0.315

1.04M
Gate
IP/USDT

USDT 0.315

$0.315

664.61K
KuCoin
IP/USDT

USDT 0.316

$0.316

343.02K
MEXC
IP/USDT

USDT 0.315

$0.315

243.08K
HTX
IP/USDT

USDT 0.313

$0.313

1.81M
Upbit
IP/USDT

USDT 0.304

$0.304

1
Coinbase Exchange
IP/USD

USD 0.315

$0.315

1.24M

Story Protocol Review

Story Protocol is a general-purpose Layer 1 blockchain network built with the Cosmos SDK, enabling the creation of programmable intellectual property. It is designed to provide a simple, scalable, and secure environment for users to monetize their IP assets and for businesses to purchase or lease them.

The Story L1 network allows users to bridge any intellectual property on-chain with specified terms of utilization and ownership rights for specific IP assets, as well as withdraw the asset into the real world in the form of a legal contract. This is achieved by implementing three key components within the Story Protocol, including:

  • Story L1 blockchain: The core component of the platform, designed to handle complex data structures. By implementing precompiled primitives to traverse data structures and using the CometBFT consensus, Story Protocol ensures that transactions are executed quickly and cost-efficiently.
  • Proof-of-Creativity: A set of smart contracts natively deployed on the Story Protocol that allows users to register their IP as assets within the network. When registering their IP, users receive a specific NFT that carries the IP metadata while binding the token to the specific account within the network.
  • Programmable IP License: An on-chain IP asset minting process enforced by an off-chain legal contract, enabling users to transfer ownership rights from the network to the real world while maintaining all the rules and terms of use and monetization of the specific asset.

Find more info about the platform’s architecture in Story Protocol docs

This comprehensive approach to trading, storing, and monetizing IP assets on-chain through the Story Protocol crypto platform makes the creation of various IPFi dApps within the network possible. It opens the blockchain industry to a market worth over $62.18B, offering a simpler, more secure, and cost-effective solution.

🪙 Story Protocol Token: Although the network is still in the testnet phase, the platform will likely have its own utility token, as it is a Layer 1 blockchain network. Additionally, the Story Protocol testnet uses the name “$IP” for its faucet tokens, which further supports this theory.

We anticipate that a Story Protocol airdrop will be available for the most active community members once the mainnet launches. With this in mind, our team has thoroughly researched the project and identified some notable pros and cons.

 

✅ Story protocol pros:

  • Outstanding product concept; 
  • Has at least 4 product use cases;  
  • Security audits from top-tier companies;
  • Very high PR score;
  • High Influencer marketing performance;
  • Strong marketing infrastructure;
  • Above-average SMM, SEO, and growth marketing scores;
  • Diverse network of top-tier funds, with collective investments exceeding $134.3M;
  • Strong network of partners supporting the protocol (34+);
  • The Story protocol founder has a solid work record at Hashed, a leading crypto fund.

 

❌ Story protocol cons:

  • No roadmap presented by the project;
  • No tokenomics available;
  • Other core team members lack work experience in top-tier Web3 companies.

Story Protocol Team

Seung Yoon Lee
Seung Yoon Lee
CEO & Co-Founder
Jason Zhao
Jason Zhao
Co-Founder
Seung Soo Kim
Seung Soo Kim
Chief Of Staff

Story Protocol Airdrop & Retrodrop & Bounty

Testnet Retrodrop
stroy protocol logo
funds
Start Date:
27 Aug 2024
End Date:
01 Sep 2025
Difficulty:
Medium
Winners:
N/A
Rewards:
N/A

Description

Story Protocol is a layer 1 blockchain designed to establish the world’s first IPFi (Intellectual Property Finance) ecosystem. It enables users to verify ownership, store, trade, and monetize IP assets more quickly and seamlessly compared to traditional methods. The network is powered by the native $IP token, which will be used for staking and paying fees within the platform.

Recently, the platform launched its first testnet phase, participation in which is likely to be a key criteria to qualify for the Story Protocol airdrop. To help, the CoinLaunch team has written a comprehensive guide on how to participate in the Story testnet.

Read More

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