A new player has emerged, poised to reshape the way we create, share, and own intellectual property (IP). Story Protocol, a groundbreaking project designed to fuel a new era of creativity and IP ownership, has just secured a staggering $54 million in funding, spearheaded by none other than a16z crypto. With filmmaker David S. Goyer on board as an advisor, Story Protocol is set to revolutionize the way we think about intellectual property in the age of the internet.
Powering the Future of Creativity and IP Ownership
At its core, Story Protocol aims to democratize IP creation by establishing a global, extensible IP repository optimized for the digital age. No longer confined to traditional mediums, creators from all walks of life, whether they work in prose, images, gaming, audio, or beyond, can harness the power of Story Protocol to bring their ideas to life.
The key features of this groundbreaking platform include:
- Provenance Tracking: Creators can now easily trace the lineage of their work, ensuring full transparency and authenticity.
- Frictionless Licensing: The platform streamlines the licensing process, making it easier than ever for creators to share their work while protecting their rights.
- Revenue Sharing: Story Protocol allows creators to capture the value of their contributions, fostering a fair and sustainable ecosystem for all.
The Blockchain Revolution
“In a world of total abundance catalyzed by generative AI, blockchain technology presents the perfect solution for transparent provenance tracking and fair attribution,” says SY (Seung Yoon) Lee, Co-Founder of Story Protocol. With blockchain technology at its core, Story Protocol promises to usher in an era where entrepreneurial creators can thrive while providing existing IP holders with an entirely new way to engage audiences and advance their IP.
Empowering a Thriving Ecosystem
But Story Protocol doesn’t stop at IP creation; it’s also poised to become a thriving ecosystem in itself. The project aims to attract third-party developers offering a range of services, including crowdfunding, capital formation, IP discovery, licensing modules, authentication for AI content, and community growth. With its open and modular architecture, Story Protocol removes platform risk for ecosystem builders, fostering innovation and collaboration.
A Revolution in the Making
“We believe that Story Protocol has the opportunity to revolutionize the future of IP for artists, fans, and developers by empowering creativity at the speed of the internet,” says Sriram Krishnan, General Partner at a16z crypto. As the internet continues to reshape the media and entertainment industries, Story Protocol stands at the forefront, ready to bring about a transformation that will benefit creators, fans, and developers alike.
A Star-Studded Backing
The impressive list of investors backing Story Protocol includes Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, and industry titans like David Bonderman, Si-hyuk Bang (HYBE/BTS), and Paris Hilton’s 11:11 Media, among others. This wide array of support underscores the immense potential and excitement surrounding Story Protocol’s mission.
David S. Goyer Joins as an Advisor
In a significant coup, Story Protocol has also welcomed filmmaker David S. Goyer as an advisor. Goyer, renowned for his work on the “Blade” and “The Dark Knight” trilogies, as well as the “Foundation” television series, brings a wealth of experience and a keen eye for storytelling to the project. His previous ventures into gaming and VR with titles like Call of Duty and Vader Immortal: A Star Wars VR Series make him the perfect addition to the Story Protocol team.
The Founding Leadership Team
The driving force behind Story Protocol’s vision is its founding leadership team, a group of seasoned professionals with diverse backgrounds in entertainment, web3, and artificial intelligence (AI). Each member brings a unique perspective and a wealth of experience to the table:
- Seung Yoon (S.Y.) Lee, Co-Founder: Previously founded the mobile serial fiction platform Radish.
- Jason Levy, Co-Founder: Led content at Episode, a breakthrough storytelling ecosystem.
- Jason Zhao, Co-Founder: Served as a product lead at Google’s Deepmind, translating cutting-edge AI research into customer-facing applications.
- Weilei Yu, Co-Founder: Led growth for Flow blockchain at Dapper Labs, helping bootstrap a multi-billion dollar ecosystem from inception.
- Leo Chen, Co-Founder: Was the founding VP of Engineering at Harmony Protocol and previously served as Tech Lead at Amazon.
- Ben Sternberg, Co-Founder: Most recently served as CFO of Radish Media and previously co-founded and exited Fexy Media to IAC.
- Susan Park, Co-Founder: Served as a design lead at Google and is a leading art education influencer as @thatsprettyneat on TikTok and Instagram.
A New Era for Creators and Fans
In the digital age, creators wield the power to shape the future of IP ownership and creative expression like never before. With Story Protocol at the helm, a new era of ownership, transparency, and collaboration is on the horizon, where creators and fans can come together to unlock the full potential of their ideas. This is a revolution in the making, and Story Protocol is leading the charge.
As the platform continues to evolve and attract more creators, developers, and supporters, we can only imagine the boundless possibilities that lie ahead. The future of intellectual property is here, and it’s open, collaborative, and ready to thrive in the age of the internet. Stay tuned for the incredible journey that Story Protocol is set to embark upon.