Everything about Story but you were afraid to ask

Story is a Layer 1 blockchain specifically designed for intellectual property (IP) management. Combining EVM compatibility and the Cosmos SDK, it offers a robust, efficient framework for handling IP-related operations on-chain. The blockchain provides tools for IP registration, licensing, royalty sharing, and dispute resolution, unlocking significant opportunities in the crypto and intellectual property sectors.

Key Components and Features:

• IP Assets (IPA)
  • Represented by ERC-721 NFTs and Token Bound Accounts (ERC-6551), ensuring metadata control and permission management.
  • Modules like licensing, royalties, and dispute resolution enable standardized operations for IP assets.
• Core Modules:
• Licensing Module: Enables programmable licenses and licensing tokens tied to IP assets.
• Royalty Module: Automates revenue sharing between parent and derivative IP assets.
• Dispute Module: Resolves conflicts using an arbitration system with predefined penalties.
• Grouping Module: Facilitates management of grouped IP assets with shared royalty pools.

AI and IP Integration:
Story supports tokenization of AI applications, ensuring secure value capture through programmable contracts. AI-generated IP assets can engage in dynamic licensing, data sharing, and collaborative innovations.

Use Cases:

• Creative Industries: Content creators can register and monetize IP assets (e.g., artworks, music, games) while protecting rights through smart contracts.
• AI Agents as IP Assets:
  • Examples include AI models like Luna (K-pop idol), Zerebro (AI artist), and AIXBT (crypto analyst), showcasing IP potential in entertainment, finance, and art.

These agents leverage the ATCP/IP protocol to trade datasets, share resources, and collaborate on new innovations.

Trading and Collateralization:

IP assets, licensing tokens, and royalty tokens can be traded or used as collateral. For example, Story introduces speculative and income-driven royalty and license token markets.

Agent Transaction Control Protocol for IP (ATCP/IP):

A revolutionary protocol for AI agent collaboration, enabling:

• Granting legal personhood to AI agents.
• Automated licensing and royalty-sharing through smart contracts.
• Establishment of decentralized IP marketplaces, driving efficient and transparent transactions.

Vision:

Story aims to reshape IP management and trade by creating a trustless, collaborative ecosystem that fosters innovation and new economic models. It aspires to empower content creators, AI developers, and investors, building a vibrant marketplace for intellectual and creative assets.

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This post is commissioned by Foresight and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.