In today’s digital age, content creation has become a lucrative business. However, with the ease of sharing and distribution, it has become increasingly difficult for creators to protect their intellectual property (IP) rights. This is where Story, a startup that has raised $80 million in funding, comes in.
Story is building an “IP blockchain” that aims to help IP owners track usage more effectively. The platform will allow creators to assert their ownership on a piece of content, set usage parameters around that IP, and then let others license and use it. This will not only help creators protect their IP rights but also enable them to monetize their content more efficiently.
The startup is valued at $2.25 billion post-money, which is a testament to the potential of its platform. With the rise of digital content, the need for a secure and efficient IP tracking system has become more pressing than ever. Story’s blockchain-based platform offers a solution that could revolutionize the way creators protect and monetize their content.
The platform is still in development, but it plans to launch commercially later this year. This is exciting news for creators who have been struggling to protect their IP rights in the digital age. With Story’s platform, they will have a secure and efficient way to track and monetize their content.
In conclusion, Story’s “IP blockchain” platform is a game-changer for content creators. It offers a secure and efficient way to protect and monetize their intellectual property, which is essential in today’s digital age. With the platform set to launch commercially later this year, creators can look forward to a brighter future where their content is protected and valued.