Thread by @StoryProtocol

Introducing Story Network, the World's IP Blockchain.

Story L1 enshrines the Proof of Creativity protocol, tokenizing a multi-trillion dollar asset class into Programmable IP legos

In the era of AI-powered creativity, Story is powering an IP legoland👇

IP is a multi-trillion dollar asset class. But what is IP?

Pepe is IP. AI models are IP. Beyonce's voice and likeness are IP. A blueprint for a new invention is IP. Mickey Mouse is IP. A Fortnite skin is IP.

IP is everywhere, but it's locked & trapped behind closed platforms.

As AI makes IP exponentially abundant, the IP market will explode.

But creators are facing a "Tragedy of the Commons" where their IP is used without compensation.

Story addresses this by allowing creators to monetize their IP — their voice, style, likeness — in the age of AI.

As the world's IP blockchain, Story onramps IP and makes it programmable, tradable, & sovereign

Creators can onramp any creative asset onto Story, turning it into Programmable IP legos that anyone can monetize across mediums & apps

Transforming the internet into an IP legoland

How does Story work?

Let's walk through each layer, starting from Story Network, the foundational L1.

Story Network is an L1 achieving the best of EVM and Cosmos SDK.

Story boasts full EVM equivalence alongside deep execution layer optimizations to support graph data structures

Just like code, IPs are inherently networks, w/ edges encoding inspiration, royalties, & revenue.

On top of the L1, the Proof of Creativity Protocol is natively enshrined.

PoC allows anyone to onramp IP to Story. Apps/creators set the terms for how that tokenized IP lego can be used and monetized.

PoC then automatically facilitates IP transactions based on those terms

Further, the Programmable IP License (PIL) works with Proof of Creativity to ensure that code is law.

The PIL is a legal contract that allows anyone to offramp tokenized IP into the offchain legal system.

Like USDC enables redemption for fiat, the PIL enables redemption for IP.

Lastly, the next generation of IPFi and consumer apps can be built on top of Story L1, leveraging Proof of Creativity and the PIL.

With 200+ teams totaling 20 million+ IPs, Story is tokenizing the world's creativity and making it universally programmable.

Imagine a future of creator owned AI, allowing artists to empower their fans while capturing upside.

Artists register their IP on Story, and allow people to train models on top.

If those models generate revenue, the artist is compensated.

Imagine a future of IPs as RWAs, unleashing accessibility and composability for a $2 trillion asset class.

IP Assets on Story can be used as collateral in DeFi, fractionalized, or even generate license NFTs that create a decentralized market for rights.

Imagine a future of every app accessing a Roblox-like economy of IP legos.

Just like onchain social networks bootstrap a social graph, any app can solve the cold start problem by leveraging a global IP graph.

Content created in one app can be remixed on another app.

All of these use cases are already being built on Story, yet there is so much opportunity left to explore.

Join us in ushering in a digital Renaissance.

Story Academy, our incubator and accelerator, along with Discord, announcement blog and all other links in bio