Story Protocol is a layer-1 blockchain specifically designed to support the tokenization of various forms of intellectual property, including ideas, images, assets, songs, AI models, and NFTs (non-fungible tokens). The primary objective of this project is to create a decentralized framework that enables creators to protect their work, collaborate efficiently, and generate revenue through fair and streamlined processes.
Accompanying the technology is $IP, the native token of the Story Protocol ecosystem. This token plays a multifaceted role—serving as a means to secure the network, functioning as a gas token for on-chain interactions, and facilitating governance decisions within the ecosystem. By tokenizing IP assets, Story Protocol seeks to empower creators with greater control over their work while promoting a more equitable marketplace for intellectual property.