Story | Trading Non Stop

What is IP?

Story (IP) is a Layer 1 blockchain built to turn intellectual property (IP) into programmable, on-chain assets. This lets creators easily register, license, and earn money from their work, with built-in legal and financial rules.

Purpose: Fixes the messy IP management process by automating licensing, royalty payments, and credit.
Technology: Combines Ethereum-compatible tools with IP-specific features like programmable licenses and tracking ownership history.
Tokenomics: The $IP token powers transactions, staking, and governance, supporting a decentralized IP ecosystem.

Deep Dive

1. Purpose & Value Proposition

Traditional IP systems can be complicated and slow, making it hard for creators to manage licenses, track earnings, and enforce rights. Story solves this by turning IP into digital assets on the blockchain. This standardizes legal agreements through Programmable IP Licenses and automates royalty payments. For example, AI companies can automatically license training data, and musicians can embed remix permissions directly into their songs (Story Blog).

2. Technology & Architecture

Story is a Layer 1 blockchain compatible with Ethereum’s tools, built with Cosmos SDK for better scalability. It includes AI-focused features like the IP Graph, a decentralized ledger that maps who owns what and how works are related. Key innovations include:

Authenticity Signals: Validators monitor and detect IP misuse, such as unauthorized AI-generated copies.
Agent TCP/IP Framework: Allows autonomous AI agents to license and trade IP assets on their own (CoinW Research).

3. Tokenomics & Governance

The $IP token has a total supply of 1 billion and serves three main purposes:

Paying gas fees for registering and licensing IP.
Staking to help secure the network and validate transactions.
Voting on protocol updates and licensing rules.
At launch, 25% of tokens were in circulation, with the rest reserved for ecosystem growth and early supporters (CoinMarketCap).

Conclusion

Story transforms IP into dynamic, blockchain-native assets, blending legal frameworks with decentralized technology. Its future depends on adoption by creators, businesses, and AI platforms. Could programmable IP become the new standard for digital ownership in the AI era?