In the age of AI, $IP will play a critical role in tokenizing the $61T IP asset class.
58.4% of $IP will be devoted to Ecosystem & Community, Foundation, and Initial Incentives.
More on ꧁IP꧂👇
AI is transforming the $61T asset class of IP — from science to creative works.
The current IP system cannot scale to meet the explosion of intelligence that AI powers.
Story's Peer-to-Peer IP Network unleashes the latent value of IP, allowing ideas to be monetized seamlessly.
Just as Bitcoin was built to address the financial crisis,
Story exists to address the crisis in AI.
By liberating IP from the hands of a few centralized intermediaries, Story is creating a programmable market for intelligence to increase the intellectual output of humanity.
Story is a Turing-complete, purpose-built L1 at the intersection of AI and IP.
By making ꧁IP꧂ programmable, Story opens up a digital market for one of the world's most important assets.
And $IP is at the center of the Story ecosystem.
The $IP token serves several critical roles on Story's L1:
1. Stake $IP to secure the network 2. Transact on Story with $IP as the gas token 3. Steward the governance of the $IP ecosystem
$IP is burned with each transaction, which can result in deflation in some conditions.
$IP staking follows Fair Launch ideals:
Everyone starts earning staking rewards at the exact same time.
*No one* can earn staking rewards before the community does.
Only after the Big Bang, which concludes the Singularity Period, can staking rewards be received by any party.
$IP Distribution:
38.4% Ecosystem + Community
10% Initial Incentives
10% Foundation
21.6% Early Backers
20% Core Contributors
At block 1,580,851, token emissions on Story have officially begun.
Story’s time-weighted staking model, inspired by DeFi mechanics, incentivizes community members that are here for the long-term.
Details ↴
Staking secures the Story blockchain and fuels the future of IP.
With token emissions now live, each block distributes 1.9477989871 IP tokens, totaling 55,555 IP per day at a 3-second block time.
Who can participate in staking on Story:
• Anyone with a minimum of 1,024 tokens can create a validator.
• Anyone can delegate stake permissionlessly to any validator.
• The top 64 validators ranked by stake form the active set.
If you don't meet the token minimum, you can use a third-party liquid staking provider. Always DYOR before engaging with projects.
We will ship the IP Portal, the home page of Story that allows users to register IP seamlessly and browse IP registered across any app on Story.
We will also ship our Attestation Service, a decentralized oracle network that brings IP validation signals (identity of the creator, infringement detection, etc) onchain.
@Aria_Protocol is tokenizing sensational K-pop IP:
➤ Yeah Yeah Yeah by BLACKPINK
➤ Ready For Love by BLACKPINK
➤ & more below..
With IP RWAs, you can listen (and dance) to your portfolio.
Why the music of BLACKPINK? They were the first female K-pop group to:
➤ Win a VMA
➤ Headline Coachella
➤ Top the Billboard 200
➤ Reach 1 billion views on a YouTube video
➤ Surpass Justin Bieber's subscriber count on YouTube
Participants will earn a portion of copyrights and their income streams to the BLACKPINK tracks above and:
➤ All Eyes on Me by Jisoo
➤ FLOWER by Jisoo
➤ Still Life by BIGBANG
➤ & more
The rise of AI demands a scalable IP solution that empowers both IP holders and AI products alike.
Enter Story: A L1 blockchain that's purpose-built to reinvent the $61T IP asset class.
Our Public Mainnet marks first-ever instantiation of a global, programmable market for IP.
Users can now begin interacting with Story to access and monetize their IP.
1. Claim $IP on our rewards portal (open for 30 days!) 2. Stake $IP to secure the network 3. Bridge assets to Story 4. Interact with our ecosystem 5. Start building IP apps