A16z backed Story Protocol is a purpose-built Layer 1 blockchain designed for intellectual property, enabling transparent, decentralized IP management and monetization

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Story is a purpose-built layer 1 blockchain designed specifically for intellectual property. Story tokenizes any type of IP; whether that’s an idea, an image, a real world asset, a song, an AI model, an NFT or anything in-between. By embedding usage terms, attribution, and royalty agreements directly into the blockchain, Story provides a transparent, decentralized solution for IP management. This enables IP holders to protect their work, collaborate on IP seamlessly, and unlock revenue opportunities in an AI-powered economy.

A16z-backed Story Protocol, a Layer 1 network built for IP management, has unveiled details of the tokenomics for its native token ahead of a mainnet launch.