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Story Protocol Deploys Mainnet, Bringing a New Era to IP Management
February 13, 2025, was a landmark day as Story Protocol launched its public mainnet, marking a new era for intellectual property (IP) management in the digital world. This key milestone empowers creators to register and tokenize their IP assets, providing a decentralized and transparent platform on which to protect their rights and tap new monetization streams. Leveraging the technology of blockchain, Story Protocol has the vision of transforming digital content management, tracking, and monetization into a secure, stable solution for creators to continue control over their work in today's complex digital ecosystem. This move to the mainnet offers prospects for developers, artists, and inventors to leverage the capabilities of decentralized IP management.
Strategic Partnerships and Technological Innovation
In a bid to boost its capabilities, Story Protocol has established a strategic partnership with Stability AI, incorporating cutting-edge AI models to monitor contributions all through the lifecycle of IP development. This partnership is designed to provide fair remuneration for all owners of IP involved in monetized products, promoting a transparent and equitable environment for creators. Utilizing AI technology, Story Protocol can effectively identify and assign contributions, enabling a more equitable and efficient royalty and revenue distribution. This partnership reiterates the dedication of Story Protocol to offering innovative solutions for IP management.
Market Surge and Investor Confidence
The release of the mainnet and the news of the partnership with Stability AI have greatly influenced the market performance of the Story IP token. The price of the token increased by 55% in 24 hours after the release of the mainnet to about $5.23. Over the past week, it has seen a staggering rise of 186% and has its market cap pass $1.2 billion.
Funding Support: The project has raised $80 million in a Series B funding round led by Andreessen Horowitz and has now reached $140 million in funding. This funding support is an indication of investor belief in the vision and potential of the protocol
