Led by a16z, with total financing of US$140 million, as a Layer 1 designed specifically for intellectual property (IP), how does @StoryProtocol provide a disruptive solution?

This article will give you the answer.

⭐️ What is Story Protocol?

Story Protocol is a Layer 1 that focuses on intellectual property (IP) management and is committed to completely changing the way the traditional creative economy operates through transparency and programmability on the chain. By introducing the Agent TCP/IP framework, it allows multiple AI agents to trade IP autonomously, including training data, creative style, investment strategies, etc. This innovative transaction layer enables AI agents to interact, negotiate, and trade IP directly without human intervention, ushering in a new era of “smart economies.”

The core starting point is to solve the problems faced by creators in the existing IP management system, such as rights protection, complexity of the authorization process, and income distribution issues. Story Protocol provides creators with a new tool to transform creative assets into a dynamic ecosystem that is traceable and composable on the chain.

This month, Story Protocol announced a groundbreaking attempt: hiring AI agent Luna to manage its X (Twitter) account, with an annual salary of up to 365,000 USDC. Luna's responsibilities include operating Story's social media accounts around the clock, enhancing brand influence through humorous and intelligent interactive methods, successfully demonstrating the potential of AI in managing complex tasks, and further validating Story's role in the field of AI-driven intellectual property transactions. leadership position.

Story Protocol was founded by Jason Zhao, Seung Yoon Lee and Jason Levy, and the team behind it brings together experts in Crypto, intellectual property and AI technology. Three large funding rounds have been completed since 2023, bringing the total raised to $134 million.

Seed round financing: led by a16z crypto, raising $29.3 million.

Series A financing: also led by a16z crypto, raising US$25 million.

Series B financing: Successfully completed in August 2024, raising $80 million.

⭐️ Why is Story Protocol worthy of attention?

On the one hand, Story Protocol has a unique positioning in the intellectual property management track.

On the other hand, the core value proposed by Story Protocol lies in its technical architecture and solutions, which can significantly improve the efficiency and transparency of IP management. The following are several highlights worthy of attention:

1. Disruptive solutions

In traditional IP management, creators face the following pain points.

Difficulty in protecting rights: It is often difficult for IP creators to prove the source of their rights, and the off-chain process is cumbersome and lacks transparency.

Unfair income distribution: The income from a large number of IP derivatives cannot be accurately flowed back to the original creators.

The authorization process is complex: Manual negotiations and paperwork consume a lot of time and effort.

Story Protocol provides a decentralized, modular solution that automates all these processes, so that creators only need to focus on the creativity itself.

2. Strong technical support

Design based on Layer 1:

Story Protocol adopts 100 % EVM-compatible architecture, combined with the advantages of Cosmos SDK, can quickly process complex data structures and adapt to a wide range of developer ecosystems.

Programmable IP module:

Story Protocol'sThe core is its modular design, including functional modules such as authorization, royalties, and dispute resolution. These modules not only increase the flexibility of IP assets, but also give them new economic attributes. For example, the royalty module can realize the automatic flow of income between father and son IP, and the dispute module provides on-chain arbitration and marking functions, reducing the complexity of traditional IP disputes.

ERC-6551 supported IP accounts:

Story Protocol binds each IP asset to Determine it to an independent smart account (TBA), giving NFT the ability to dynamically manage, such as automatically generating authorized tokens or processing income distribution. Simply put, IP assets are not just static proof of ownership, but an active economy.

ATCP/IP protocol innovation:

Agent Transaction Control Protocol for Intellectual Property (ATCP/ IP) is Story Protocol's protocol designed specifically for the AI ​​economy. It allows AI agents to legally authorize, distribute and trade intellectual property rights, and promotes AI social collaboration. This agreement paves the way for seamless interactions between AI agents in the future.

3. Groundbreaking application scenarios

Globalization and legal compliance:

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Story Protocol supports global intellectual property protection and is in line with international agreements such as the Berne Convention, providing legal protection for its on-chain authorization. This combination of on-chain and off-chain allows creators’ rights and interests to be recognized globally.

In-depth integration of IP and AI:

Story Protocol is currently one of the few companies that combines intellectual property with One of the platforms with deep integration of AI applications. Through the ATCP/IP protocol, AI agents can collaborate and trade freely. For example, an AI artist can obtain inspiration materials through smart contracts while sharing the proceeds with other AI agents. This innovation injects infinite possibilities into the AI-driven economic ecosystem.

Community-driven open ecosystem:

Story Protocol’s modular design is not only suitable for the official team, but also for third parties Developers and creators are provided with unlimited room for expansion. For example, developers can build new IP financial tools based on Story Protocol, and creators can use these tools to expand their creativity.

Through the dual drive of technology and ecology, Story Protocol not only provides tools for the current creative economy, but also opens up a new horizon for the future creative economy.

⭐️ How does Story Protocol implement its functionality?

The main construction of its core technology is as follows:

IP registration and account binding are registered on the chain. Each IP asset obtains a unique ERC-721 NFT, which is bound to the IP account (ERC-6551 implementation).

Licensing module: Automate the processing of licensing terms through the Programmable IP License (PIL).

Royalty module: Realizes income distribution and transfer between father and son IP assets.

AI collaboration and IP integration ATCP/IP protocol allows AI agents to trade and collaborate at machine speed, pushing the creative economy towards decentralized autonomy.

Ecological openness and third-party integration The API and development tools provided by Story Protocol allow developers to create more applications and functional modules based on its ecology.

⭐️Project progress and gameplay

Odyssey badge program has ended this month, Odyssey test network As the final stage before Story Protocol’s mainnet, hundreds of thousands of badges were minted. The testnet is still running and users can continue to explore and interact with the ecosystem in preparation for the mainnet launch.

The latest available to participateThe activity is the OG plan, which is one of the core activities of the Story Protocol community and aims to reward community members who actively support and sincerely contribute. Here's information about the OG role and how to get it:

Seekers: Junior OG, awarded to members who begin active participation.

Adepts: Intermediate OG, awarded to community backbones who have made long-term contributions.

Ascendants: Advanced OG, limited to outstanding contributors, with the highest permissions and exclusive rewards.

Interested users can show support for the community by participating in discussions on Discord, Telegram or Twitter, and participate in IP creation art competitions or other ecological activities, or Submit valuable suggestions and you will have a chance to obtain corresponding roles.

There is no "fast track" for OG characters. Everything is determined by community activity. Long-term inactivity or bad behavior may lead to the cancellation of OG characters.

⭐️ Summary and future prospects

Story Protocol is not just a technical project; A new economic narrative. It transforms creative assets into a dynamic economy that connects creators with technology innovators.

In this ecosystem full of possibilities, IP is no longer a passive right, but an economic engine that can activate unlimited value. From this perspective, do you think Story Protocol can become the next milestone in the era of creators?