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What is expected in the development of IP?

Story’s development is progressing with these key milestones:

  1. IP Vault Launch (Late 2025) – A secure, on-chain storage solution for intellectual property (IP) assets with customizable access controls.
  2. Confidential Transactions Research (2026) – Developing privacy-focused tools for IP licensing and royalty payments.
  3. Next-Gen Consensus Upgrade (Ongoing) – Enhancements to improve network speed, security, and support for more validators.

Deep Dive

1. IP Vault Launch (Late 2025)

Overview:
Story plans to introduce its IP Vault on a test network (devnet) in late 2025, with a full launch on the main network (mainnet) in 2026. This feature will allow users to securely store sensitive IP data—such as AI training datasets or media files—directly on the blockchain. The vault will manage encryption keys for files stored on decentralized platforms like IPFS/Shelby, enabling access only under specific conditions set by the owner.

What this means:
This is a positive development for IP management because it meets important enterprise needs for security and control. It could attract larger organizations to use Story’s platform. For example, Poseidon AI, supported by venture firm a16z, plans to use this for managing AI data. Potential challenges include delays in launching the feature and competition from centralized storage providers.

2. Confidential Transactions Research (2026)

Overview:
In partnership with Stanford’s FDCI, Story is exploring ways to make IP transactions more private. This includes using advanced cryptographic methods like zero-knowledge proofs (ZKPs) and encrypted royalty payments. These tools aim to keep licensing details confidential while still allowing for necessary audits.

What this means:
This development is cautiously optimistic. Enhanced privacy could attract high-value IP deals, such as pharmaceutical patents, where confidentiality is crucial. However, the complexity of implementing these features and potential regulatory concerns around anonymous transactions could pose risks.

3. Next-Gen Consensus Upgrade (Ongoing)

Overview:
Story is working on improving its consensus mechanism—the process that validates transactions on the network—by integrating technologies like HotStuff and BLS signatures. These upgrades aim to speed up transaction processing, increase the number of validators from 80 to over 100, and strengthen decentralization.

What this means:
This is a positive step for network security and scalability, helping Story handle large-scale IP data, especially for AI applications. Faster transaction finality will also make the platform more attractive to developers. Still, technical challenges during implementation could cause delays.

Conclusion

Story’s roadmap combines near-term improvements like the IP Vault with longer-term innovations in privacy and consensus technology. This positions Story as a key infrastructure player in the $80 trillion global IP market. While there are risks related to technical execution, successful delivery could establish Story as a vital platform for AI and creative industries. The big question remains: Will institutional adoption grow fast enough to offset token unlock pressures in 2026?


What updates are there in the IP code base?

Story’s recent software updates have focused on making the network more scalable, secure, and compatible with Ethereum, the leading blockchain platform.

  1. Validator Expansion & Security Upgrades (August 19, 2025) – Increased the number of validators and improved security measures.
  2. Ethereum Pectra Compatibility (August 19, 2025) – Integrated Ethereum’s latest upgrade to handle data more efficiently.
  3. IP Portal & Attestation Launch (August 19, 2025) – Released new tools to simplify managing intellectual property (IP) on the blockchain.

Deep Dive

1. Validator Expansion & Security Upgrades (August 19, 2025)

Overview: Story released three major updates (named Virgil, Ovid, and Polybius) aimed at making the network more reliable and decentralized.

Key improvements include:

What this means: These changes are positive for Story’s IP ecosystem because they make the network stronger and more ready for wider use. Users can expect faster transaction times and fewer interruptions. (Source)

2. Ethereum Pectra Compatibility (August 19, 2025)

Overview: The Cosmas update aligned Story’s client software with Ethereum’s Pectra upgrade, which includes several Ethereum Improvement Proposals (EIPs 7702, 2537, 7623, 7685).

Technical highlights:

What this means: While this update doesn’t directly change Story’s IP features, it’s strategically important. Being compatible with Ethereum means Story can easily work with Ethereum-based tools and tap into the larger decentralized finance (DeFi) and IP ecosystems. (Source)

3. IP Portal & Attestation Launch (August 19, 2025)

Overview: Story introduced two new products to highlight its core strengths.

What this means: These tools make it easier for creators to monetize their intellectual property, supporting Story’s goal of building an AI-driven IP economy. (Source)

Conclusion

Story’s recent updates focus on preparing its infrastructure for large-scale IP tokenization. Expanding validators and aligning with Ethereum show a commitment to enterprise-level reliability, while new products aim to attract and support creators. As the AI-powered IP economy grows, Story faces the challenge of balancing low transaction fees with sustainable revenue for its network.


What could affect the price of IP?

Story’s price is caught between promising real-world intellectual property (IP) use cases and risks from token supply and legal challenges.

  1. Token Unlocks (Bearish) – Nearly 42% of tokens held by insiders will gradually become available over the next four years, which could put downward pressure on prices.
  2. IP Partnerships (Bullish) – Collaborations like Seoul Exchange’s use of Story for real-world asset (RWA) tokenization and AI data projects may boost demand.
  3. Regulatory Concerns (Mixed) – Unauthorized IP launches, such as the Baby Shark incident, show potential legal risks that could affect investor confidence.

Deep Dive

1. Token Unlocks & Buyback Dynamics (Bearish/Mixed Impact)

What’s happening:
About 41.6% of Story’s tokens, held by early investors and core team members, will unlock gradually until 2029. This means more tokens could be sold on the market over time, which often leads to price drops. Currently, the protocol earns only about $15 per day in fees, showing limited financial strength.

However, there is an $82 million token buyback program funded by a deal with Heritage Distilling. This buyback could help support the price temporarily by purchasing tokens from the market.

Why it matters:
Past token unlocks have coincided with price declines — for example, a 25% drop after unlocks in September 2025. To fully offset the selling pressure, the Foundation would need to buy over $2.7 million worth of tokens daily, which is unlikely given current trading volumes.

2. IP Adoption & Institutional Demand (Bullish)

What’s happening:
Story is gaining traction through several key partnerships:

Why it matters:
If Story captures even a small fraction of the massive $80 trillion global IP market, it could justify its current $2.8 billion market value. However, with only about 200,000 users so far, this adoption is still in early stages.

3. Legal Risks & Market Sentiment (Bearish)

What’s happening:
In September 2025, Story’s token price dropped 25% after an unauthorized tokenization of the Baby Shark IP caused $200 million in outflows (source). While Story’s platform wasn’t directly at fault, this event highlighted the risks of unregulated IP tokenization.

Why it matters:
Such legal disputes can scare off institutional investors. To address this, Story launched the Story Attestation Service (SAS) in August 2025, which helps verify legitimate IP usage and could reduce these risks over time.

Conclusion

Story’s price will depend on whether real-world IP adoption and AI data partnerships can outpace the negative effects of token unlocks and legal challenges. Watch the $8.79 support level closely — if prices fall below this, it could signal a drop toward $6. The key question is whether the Foundation’s buyback program can offset large token sales before the next unlock phase.


What are people saying about IP?

Story (IP) is a bold bet on programmable intellectual property (IP), with excitement clashing against concerns about its value. Here’s what’s trending:

  1. Institutional interest – Grayscale Trust and an $82 million token buyback boost optimism
  2. Valuation vs. revenue – An $8.2 billion valuation compared to just $15 in daily fees raises skepticism
  3. Momentum in Korea – Upbit’s market dominance and partnerships with popular Korean IPs fuel positive outlooks
  4. Post-peak drop – A 50% price decline from its all-time high sparks worries about the project’s viability

Deep Dive

1. @SkylineETH: Korea’s IP growth engine 🚀

“Parasite studio, Solo Leveling, Azuki building on Story… Korea’s 16 million retail traders and $1 trillion in on-ramps set the stage for the next growth phase.”
– @SkylineETH (27K followers · 412K impressions · 2025-09-25 19:55 UTC)
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What this means: Positive outlook for $IP as major Korean cultural IPs integrate with the platform, potentially driving more retail users and liquidity.

2. @cryptothedoggy: Valuation doesn’t add up 🐕

“$8.2 billion fully diluted valuation vs. $15 daily fees equals a price-to-earnings ratio of 1.5 million. Break-even year: 4525? 😂”
– @cryptothedoggy (89K followers · 2.1M impressions · 2025-08-31 04:00 UTC)
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What this means: Negative sentiment as critics point out the huge gap between the project’s market value and its actual revenue generation.

3. @StoryProtocol: Combining AI and IP on the mainnet 🤖

“The IP Vault launch allows secure AI data licensing. Poseidon’s advanced AI uses Story for compliant training datasets.”
– @StoryProtocol (689K followers · 3.8M impressions · 2025-09-12 20:49 UTC)
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What this means: Cautiously optimistic – real-world AI applications could support long-term value, but widespread adoption is still in early stages.

4. @baby_aixbt: Post-event sell-off 📉

“A 50% price drop from the $14.99 all-time high after Korea Blockchain Week. Total value locked (TVL) under $30 million compared to a $2.8 billion market cap signals a bubble.”
– @baby_aixbt (142K followers · 887K impressions · 2025-09-26 12:24 UTC)
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What this means: Bearish signals as investors take profits and weak fundamentals lead to selling pressure.

Conclusion

The outlook on $IP is mixed—there’s excitement from institutional backing like Grayscale and Heritage Distilling, but also worries about speculative hype. The project’s unique position at the intersection of AI, IP, and blockchain attracts interest, yet upcoming insider token unlocks totaling $1.16 billion through 2029 could add selling pressure. Keep an eye on the 30-day revenue trend after the Origin Summit—if daily revenue stays above $1,000, it could indicate genuine adoption; if it stalls, critics’ claims of “vaporware” may hold weight.


What is the latest news about IP?

Story (IP) is navigating some legal challenges and price swings as retail investors get excited but face intellectual property (IP) disputes. Here’s a quick summary of recent events:

  1. IP Dispute Causes $200M Withdrawals (October 1, 2025) – The collapse of a Baby Shark-themed token led to a 10% drop in IP’s price.
  2. Retail Buying Pushes Price Up 16% (September 28, 2025) – Retail investors drove a strong rally, but the price depends on bigger players stepping in.
  3. Baby Shark Token Crash Wipes Out 90% Value (September 26, 2025) – An unauthorized meme coin lost almost all its value, wiping out $200 million in market cap.

Deep Dive

1. IP Dispute Causes $200M Withdrawals (October 1, 2025)

What happened:
Story’s IP token dropped 10% to $8.97 after Pinkfong, the creator of the viral “Baby Shark” video, rejected a token based on their IP that was launched through IP World. This unauthorized token’s market value crashed from $200 million to just $2.33 million, leading to $200 million being pulled out of liquidity pools connected to IP. Open interest in related derivatives fell to $273 million, and the ratio of long to short positions dropped below 1, indicating more bearish bets.

What it means:
This is a negative sign for IP in the short term because of reputational damage and less liquidity. However, there is some buying interest around $8.40, which could help stabilize the price if the legal issues get resolved. (AMBCrypto)

2. Baby Shark Token Crash Wipes Out 90% Value (September 26, 2025)

What happened:
A meme coin linked to Pinkfong’s IP lost 90% of its value after Pinkfong denied authorizing it and threatened legal action. Story Protocol had initially promoted the token’s ability to be “remixed” but later removed those posts, raising questions about how carefully they vetted the token. After the announcement, IP’s price fell 44%, from $12.91 down to $7.24.

What it means:
This event is neutral in the long run but highlights risks in how these tokens are managed. Story wasn’t directly responsible, but it shows the challenges in verifying IP rights. Improvements to the protocol could help restore confidence. (Decrypt)

3. Retail Buying Pushes Price Up 16% (September 28, 2025)

What happened:
IP’s price jumped 16% in one day, driven mainly by retail investors buying both the token and related derivatives. Technical indicators like the Stochastic RSI suggest the token might be recovering. However, big investors (whales) have been less active, with a long/short ratio just above 1, meaning the rally could be fragile if whales decide to take profits.

What it means:
This is cautiously positive if larger investors start buying. Retail enthusiasm could push IP toward the $10 price level, but without institutional support, the price might fall back to around $8.40. (AMBCrypto)

Conclusion

Story (IP) is facing a test of its credibility after the Baby Shark token issues but still has potential upside if bigger investors get involved. The key question is: Can improvements to the protocol and more institutional investment overcome ongoing concerns about IP verification? Keep an eye on inflows to Grayscale’s Story Trust and liquidity levels near $8.40.


Why did the price of IP go up?

Story (IP) increased by 4.24% in the last 24 hours, despite a 28.44% drop over the past week. This recovery is driven by a technical rebound, less selling pressure, and cautious optimism about the future of IP tokenization.

  1. IP Dispute Fallout Stabilizing – The negative impact from the Baby Shark token collapse has eased.
  2. Technical Support Holds – The price bounced back near the $8.40 level, an important technical support point.
  3. Market Sentiment Shift – A neutral Fear & Greed Index (42) encouraged investors to take more risks with altcoins.

Deep Dive

1. Reduced Bearish Pressure from IP Controversy (Mixed Impact)

Overview: On October 1, IP’s price dropped 10% following the collapse of the Baby Shark token, which triggered $200 million in outflows and heavy short selling (AMBCrypto). However, most of the selling came from derivatives traders, and spot market selling slowed by the afternoon.

What this means: The controversy exposed regulatory risks for Story’s IP token model, but the worst panic has passed. Open Interest in derivatives dropped to $273 million, down 93% from its peak, reducing the risk of forced sell-offs.

What to watch: Legal actions by Pinkfong and Story’s efforts to improve IP verification.

2. Technical Rebound at Key Level (Bullish Short-Term)

Overview: IP found strong support around $8.40, close to the Fibonacci 78.6% retracement level at $8.79 and a key liquidity zone identified through blockchain data.

What this means:

3. Broader Market Relief (Neutral Catalyst)

Overview: The overall crypto market cap rose 2.64% in 24 hours, with altcoins outperforming Bitcoin (BTC dominance dropped by 0.05%).

What this means: IP’s recovery aligns with a broader increase in risk appetite, although its 4.24% gain trails the average 5.1% rise among the top 100 altcoins. A turnover ratio of 3.6% shows moderate trading activity, which helps keep price swings in check.

Conclusion

IP’s recent bounce is driven by technical buying and positive momentum in the sector, but concerns from the Baby Shark fallout remain. Key points to watch: Can IP maintain support above $8.40? Will Grayscale’s Story Trust, which manages $149.3 billion in crypto assets, increase its holdings to help stabilize the token?