What is Story (IP)?

What is Story (IP)?

Story (IP) is a peer-to-peer intellectual property network designed to transform IP into a programmable asset class. Instead of relying on centralized companies or complicated legal agreements, Story uses blockchain technology to create a transparent and efficient system for exchanging, licensing, and monetizing intellectual property.

At the core of Story’s ecosystem is IP, its native cryptocurrency. This token is the key to securing the network, processing transactions, and allowing users to participate in governance decisions. With Story, anyone—from artists and scientists to businesses and AI developers—can fairly and efficiently exchange IP without intermediaries slowing things down.

Who Created Story (IP)?

Story was founded by Seung Yoon “SY” Lee and Jason Zhao, two innovators with deep expertise in tech, storytelling, and AI.

● SY Lee (CEO & Co-founder) previously led Kakao Entertainment’s global strategy and sold his mobile fiction app, Radish, for 440 million. A Forbes 30 Under 30 All-Star, he was also Oxford Union’s first Asian President.

● Jason Zhao (Head of Protocol & Co-founder) worked at DeepMind, helped advance AI applications, and studied philosophy and computer science at Stanford.

What VCs Back Story (IP)?

Story has attracted significant interest from major venture capital firms. These investors recognize the enormous potential of a new, blockchain-powered intellectual property market. Some of the key backers of Story include Andreessen Horowitz, Hashed, dao5, Polychain Capital, and more.

How Story (IP) Works

Story is a Layer 1 blockchain built specifically for intellectual property. That means it has its own unique rules and infrastructure designed to handle the exchange and ownership of creative assets.

1. Proof-of-Creativity Protocol

Traditional blockchains use Proof-of-Stake (staking tokens for security) or Proof-of-Work (solving complex puzzles). Story introduces a new model: Proof-of-Creativity. This system validates and protects original content, ensuring that AI-generated and human-created works are authentic, traceable, properly credited and rewarded. It also helps protect creators from plagiarism and unauthorized AI usage by validating originality before allowing monetization. By integrating blockchain with AI-friendly licensing, Proof-of-Creativity enables a transparent system where human and AI-generated works are securely traded. This ensures that creators receive fair rewards while allowing AI to access licensed data ethically, revolutionizing digital ownership and content monetization in the AI-driven economy.

2. Programmable IP Licenses

One of the biggest problems with traditional IP is that licensing is complex and slow. Story solves this with Programmable IP Licenses, which allow for instant, transparent, and automated licensing agreements.

● These licenses are smart contracts on the blockchain, meaning royalties and usage rights are automatically enforced.

● Creators can choose how their IP is used (e.g., "AI can use this image for training, but not for commercial use").

● Buyers and AI companies can easily license IP without legal middlemen, saving time and money.

3. IP Tokens

Story transforms intellectual property into digital assets called IP tokens. These tokens:

● Represent ownership of creative works (books, music, AI models, patents, etc.).

● Can be bought, sold, and traded just like cryptocurrencies or NFTs.

● Allow creators to earn royalties automatically whenever their work is used.

● Secure the network.

● Are used to pay for gas fees and for governance.

For example, if an AI model wants to train on a dataset of books, it would have to buy or rent the IP tokens for those books, ensuring that the original authors get paid fairly.

IP Goes Live on Bitget

Story (IP) is a new kind of blockchain designed to make intellectual property an open and programmable asset class. It allows people to own, trade, and monetize IP in a fair and transparent way—without relying on slow, expensive middlemen.

It's a new way to think about ownership in the AI age. Whether you’re a writer, musician, artist, or AI developer, Story ensures that your work is valued, protected, and monetized in the digital future.

Trade IP on Bitget to join the future of IP and AI now!

Story Protocol (IP) to be listed on Bitget Launchpool — lock BGB to share 554,500 IP!

Bitget Launchpool will be listing Story Protocol (IP). Eligible users can lock BGB to share 554,500 IP.

Locking period: 13 February 2025, 12:00 – 15 February 2025, 12:00 (UTC)

Lock Now

Project details

• Token name: Story Protocol (IP)

• Total supply: 1,000,000,000 IP

• Launchpool allocation: 554,500 IP

Locking pool:

BGB pool airdrop per user = user's locked BGB ÷ total locked BGB of all eligible participants × corresponding pool.

How to Trade IP on Bitget

Listing time: February 13, 2025

Step 1: Go to IPUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell

Trade IP on Bitget now!

Activity 1: CandyBomb – Deposit or Trade to get Story Protocol (IP) airdrop

Promotion period: 13 February 2025, 7:00 – 20 February 2025, 7:00 (UTC)

Join Now

Promotion details:

How to participate:

1. Go to the CandyBomb page and use the Join button.

2. Bitget will start calculating your valid activity data upon successful join.

3. You will get candies based on your IP net deposit volume and future trading volume.

Activity 2: Social Giveaway - 2,500 IP Up for Grabs!

Promotion period: 13 February 2025, 7:00 – 20 February 2025, 7:00 (UTC)

How to participate:

1. Follow Bitget and Story on X.

2. Repost/quote the giveaway post with the hashtag #IPlistBitget and tag your friends.

3. Sign up, deposit or trade IP on Bitget

4. Fill out the form in the giveaway post.

🎁 Bonus: 250 qualified users will be randomly selected to equally share the campaign pool.

Activity 3: Community Campaign: Win Your Share of 5,000 IP

Campaign Period: 11 February 2025, 13:00 – 20 February 2025, 13:00 (UTC)

Complete 3 tasks below and win $10-$30 IP airdrop:

1. Sign up, download Bitget APP and complete KYC

2. Join both Bitget Discord and BGB Holders Group

3. Complete an IP deposit or spot trade of any amount

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.