Story Protocol Lands $54M in Funding

Story Protocol secured $54 million in funding, led by Andreessen Horowitz, to revolutionize intellectual property and creativity.

The Deets

• Fund Allocation: Over $54 million raised from a stellar lineup of investors including a16z crypto, Hashed, and Samsung Next.
• Focus Areas: Streamlining IP development lifecycle and offering features like provenance tracking, revenue sharing, and frictionless licensing.
• Advisory Board: Filmmaker David S. Goyer joins Story Protocol as an advisor.
• Ecosystem Goals: Attract third-party developers for crowdfunding, IP discovery, and community growth among other services.

The Bulk

Story Protocol is building the infrastructure layer that aims to shift paradigms in the world of intellectual property (IP) and creativity. With $54 million in funding led by Andreessen Horowitz, Story Protocol is creating a new Internet-optimized IP protocol.

This groundbreaking project aims to democratize the IP creation process through a global and extensible IP repository. Story Protocol facilitates the entire lifecycle of IP development, enabling crucial features such as provenance tracking and frictionless licensing, making it a one-stop solution for creators across all media—prose, images, gaming, audio, and more.

With filmmaker David S. Goyer on board as an advisor, Story Protocol is positioned to bring cinematic flair and storytelling expertise to the blockchain. Goyer's rich experience in diverse storytelling mediums, including the "Blade" and "The Dark Knight" trilogies, will undoubtedly be a significant asset.

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Keep an eye out for Story Protocol’s roadmap and upcoming platform features. If you're a creator or interested in the future of IP, this is one project you won't want to miss.

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