What is Story (IP)?
Story is a Layer 1 (L1) blockchain designed to manage and monetize intellectual property (IP) in the digital world. It provides a decentralized and transparent infrastructure that allows creators to register, license, and commercialize their IP assets. By using blockchain technology, Story ensures a secure system for IP attribution, licensing, and revenue distribution.
At the core of the Story ecosystem is $IP, the native utility token that supports various functions within the network. It is used to pay transaction fees, register and validate intellectual property assets, and facilitate licensing agreements. $IP holders can participate in governance decisions, stake tokens to contribute to network security, and receive revenue and royalty distributions for their IP holdings.
Story provides tools to support IP management and licensing. The Story Explorer allows users to discover registered IP assets, while StoryKit provides developers with UI solutions to integrate with the ecosystem. The IP Hub serves as a central repository for registration and management, and the Licensing Module facilitates the process of granting and monetizing IP rights. The Dispute Module introduces a staking-based mechanism for resolving intellectual property conflicts.
The project was founded by a team with experience in blockchain, artificial intelligence, and digital media. Their expertise has contributed to a system that focuses on security, transparency, and usability.
Story has a total supply of 1 billion $IP tokens, with an initial circulating supply of approximately 250 million tokens (25%) at launch. The current price of IP is available and updated in real-time on Binance.
