This Altcoin officially launched its main network after the testnet process that lasted six months. Developed as a new block -based ecosystem, Story Protocol aims to be the first programmable market to digitally manage global intellectual property assets. The project offers IP owners the opportunity to record their works securely and sell them directly, thus creating a more fair and transparent revenue model for content producers.
Story Protocol’s goal
Story Protocol aims to transform the $ 61 trillion -dollar intellectual property market, to provide IP owners and artificial intelligence -supported projects to manage, trade and generate income. The platform provides the opportunity to set licensing rules within an unforgettable structure and process without the need for intermediaries.
The security of the network will be provided with IP Token. The IP Token will be used to provide prizes to transaction fees, governance and content producers. IP owners will be able to save their work on blockchain and to token and determine the terms of use. Developers will be able to create new artificial intelligence vehicles, licensing platforms and IP market places on this network.
IP Token’s role in the ecosystem
Story Protocol launched its IP Token with a starting supply of 1 billion units. A 30 -day prize portal has been created for Testnet Participants and they will be able to request IP tokens during this time. Stacking is offered for users who want to increase network security. The stinging process, called Singularity, started on February 1st and the awards will be distributed as of March 2.
Token, which is allocated to early investors and the main contributors, will remain locked for a year. In this way, it was avoided to create large fluctuations in the price by preventing large altcoin sales.
Big investor support to Story Protocol
Story Protocol has collected a total of $ 140 million funds from important investors such as Samsung Next and A16z. Many IP -oriented projects have already been developed on the network. Aria, one of them, received $ 7 million investment to buy Justin Bieber’s song “Peaches ıp and divide income into pieces to IP owners.
Story Protocol’s main net launch has led to the list of large stock exchanges. IP Token is listed in many stock exchanges, including other Bybit and OKX.
