Utilizing the advances in blockchain technology, Story Protocol is a tech company that creates a streamlined framework that can manage the intellectual property of gaming, prose, media, and audio. Owners of properties built upon the Story Protocol IP software can track their work’s origin which gives freedom to other individuals to remix and build upon existing works with the blessing of the creator. These reworkings are also provided with value by the IP framework.
Intellectual property has become a gold rush as of late, with companies such as Microsoft bidding huge prices for the likes of the Call of Duty games series. With new and valuable IPs being created daily and for next-gen platforms and media services, legacy IP tracking services can’t keep up with the rate of new creations. Story Protocol creates a permissionless protocol that creators can extend to other users, all stored within a global IP registry. The ultimate aim is to create a safe and secure creative ecosystem for IP.
With impressive funding from large investors such as Andreessen Horowitz, Story Protocol is off to a strong start, reflecting the hunger for new ways to manage IP across the entertainment industry. Investors clearly see Story Protocol as a major industry disruptor, especially with its lofty aims of dispelling gatekeepers and democratizing intellectual property.
Kirsty
Company Specialist at Welcome to the Jungle
