#show-card ## Introduction [[Story]] is a purpose-built [[Layer 1|layer 1]] blockchain designed specifically for intellectual property management. It tokenizes any type of IP - from ideas and images to real-world assets, songs, AI models, and [[NFT|NFTs]] - by embedding usage terms, attribution, and royalty agreements directly into the blockchain. Story provides a transparent, decentralized solution that enables IP holders to protect their work, collaborate seamlessly, and unlock revenue opportunities in an AI-powered economy. The protocol combines a 100% EVM-compatible blockchain with deep execution layer optimizations to handle complex IP data structures efficiently, while its Proof-of-Creativity Protocol and Programmable IP License system automate on-chain IP management and enforcement. ## Service Provided ### Layer 1 Blockchain Story Network choose to build its own Layer 1 blockchain to innovate across the entire technical stack. This enables it to implement essential features like on-chain dispute resolution or on-chain IP graphs with precompiled contracts. ### Programmable IP Layer Story Network's Programmable IP Layer is a core component of the Story Protocol. It enables IP holders to encode IP rights, usage terms, and royalty structures directly into the blockchain. This allows for flexible IP management through smart contracts, automated enforcement of IP rights, transparent attribution of creative works, and dynamic revenue sharing models. At the heart of this system is the `IP Asset` and its associated `IP Account`, which is a [[Smart contract|smart contract]] account bound with `IP Asset` to manage the IP related activities. ## Social Media - [X](https://x.com/StoryProtocol) - [Site](https://www.storyprotocol.xyz/) - [Docs](https://docs.story.foundation/) - [Story Odyssey Explorer](https://explorer.story.foundation/) ## Latest Updates - Aug 27, 2024: Story Protocol live on testnet - Aug 2024: Raised $80M in Series B funding round - Sep 2023: Raised $25M in Series A funding round - May 2023: Raised $29.3M in initial funding round - 2023 Q3: Initial protocol concept and team formation ## References - [What is IP?](https://open.substack.com/pub/jasonzhao/p/what-is-ip?utm_campaign=post&utm_medium=web)