Story | Trading Non Stop

What is IP?

Story (IP) is a blockchain platform designed to change how intellectual property (IP) is managed. It helps creators register, license, and earn money from their digital assets automatically using smart technology.

Built for IP Management – Combines legal rules with blockchain to make IP rights easier to enforce and license.
Automated Licensing & Royalties – Uses smart contracts to handle credit, licensing terms, and revenue sharing without manual work.
Token-Based IP System – The native $IP token powers transactions, decision-making, and staking, supporting a decentralized marketplace for IP.

Deep Dive

1. Purpose & Value Proposition

Story solves problems in traditional IP management by embedding legal standards into blockchain technology. It uses its Programmable IP License (PIL), a smart contract that acts like a legal agreement to automate how rights and usage terms are declared. This cuts out middlemen and makes IP easier to find and enforce across different platforms. For example, creators can set up automatic royalty payments for derivative works, ensuring they get paid fairly (Story Blog).

2. Technology & Architecture

Story is built as an EVM-compatible Layer 1 blockchain, meaning it works with Ethereum’s tools but is designed to be more scalable using Cosmos SDK technology. Key features include:

IP Assets (IPAs): Digital tokens that represent IP like music or patents, with built-in data to track ownership and history.
Proof of Creativity: A system that verifies and registers original works directly on the blockchain.
Confidential Data Rails: Privacy features that encrypt sensitive IP information while still allowing on-chain control.

These features allow real-time tracking of how IP is used in AI models, remixes, and commercial projects (Delphi Digital).

3. Tokenomics & Ecosystem

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

Gas Fees: Used to pay for transactions like registering and licensing IP.
Governance: Token holders vote on updates and resolving disputes.
Staking: Helps secure the network and earn rewards.

Tools like StoryKit (a developer toolkit) and IP Hub (for managing assets) support a wide range of applications, from AI data workflows to fan-driven remix communities. Partnerships with Seoul Exchange and entertainment companies like Studio Ghibli show how Story is used to tokenize real-world assets (CoinMarketCap).

Conclusion

Story transforms IP into a programmable, blockchain-based asset that combines legal precision with automation. By simplifying licensing and royalty payments, it empowers creators and opens new opportunities for AI and institutional investors. Could Story’s platform become the global standard for managing IP in the AI age?