Story Protocol is a layer 1 blockchain designed to facilitate the tokenization and management of intellectual property (IP). It provides a decentralized framework for registering, licensing, and monetizing various forms of IP, including ideas, images, assets, songs, AI models, NFTs, and image rights. By leveraging blockchain technology, Story Protocol aims to modernize IP systems, ensuring transparency, security, and automation in IP attribution and royalty agreements.
Story Protocol operates as a layer 1 blockchain with a multi-core execution environment, featuring specialized cores for IP management. It utilizes:
While the exact consensus mechanism is not specified, Story Protocol employs a decentralized network of nodes to validate transactions and maintain system integrity.
Story Protocol has broad applications in the creative industries, AI, and blockchain sectors, enabling:
Although no specific partnerships are mentioned, Story Protocol’s AI integration focus suggests potential collaborations with AI-driven companies.
Story Protocol was founded in 2022 by Seung Yoon Lee, Jason Zhao, and Jason Levy, with the goal of revolutionizing IP management. Key milestones include:
Since its inception, Story Protocol has evolved into a specialized blockchain for IP management, focusing on efficiency, scalability, and programmability to transform how intellectual property is managed and monetized.