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.
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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.
<a href="https://coinlaunch.space/projects/story-protocol/" title="Story Protocol (IP)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/story-protocol.png" width="224" alt="Story Protocol (IP)"></a>