[ad_1]
Story Protocol has secured over $54 million in funding, with a16z crypto main the funding. Hashed, Endeavor, Samsung Subsequent, dao5, Insignia Enterprise Companions, and a number of other angel traders backed the spherical.
Story Protocol is an progressive open infrastructure that goals to reshape creativity and mental property (IP) possession. The corporate shared that it’s on a mission to create a groundbreaking IP protocol optimized for the digital age, with the imaginative and prescient of democratizing IP creation via a world and adaptable IP repository.
The platform affords such options as clear provenance monitoring, frictionless licensing, and income sharing. Functions constructed on Story Protocol are tailor-made for creators throughout various media codecs, together with written content material, imagery, gaming, and audio.
The startup empowers artists and writers to hint their work’s origins, facilitates collaborative contributions, and ensures contributors obtain honest recognition for his or her inventive enter.
Story Protocol additionally offers clear provenance monitoring and equitable attribution by leveraging blockchain know-how. In response to SY Lee, the co-founder of Story Protocol, “In a world of whole abundance catalyzed by generative AI, blockchain know-how presents the right answer for clear provenance monitoring and honest attribution.”
Notably, Story Protocol additionally goals to foster a thriving ecosystem of third-party builders. The latter will reportedly present a variety of providers, together with crowdfunding, capital formation, IP discovery, AI content material authentication, and neighborhood progress.
The funding spherical marks the official entry of filmmaker and novelist David S. Goyer as an advisor to Story Protocol. He’s most recognized for his work on the franchises “Blade” and “The Darkish Knight.”
“I envision a future the place creators will wield better management over their IPs, prolong their affect on a world scale, and domesticate direct connections with their neighborhood,” stated David S. Goyer. “Story Protocol marks a brand new period for the leisure trade and the beginning of a brand new possession mannequin for creators and followers.”
Learn extra:
[ad_2]
Source link
