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.
Although on-chain, an IP's usage terms and minted licenses are enforced by an off-chain legal contract called the Programmable IP License (PIL💊), which allows anyone to offramp tokenized IP into the off-chain legal system and outlines real legal terms for how creators can remix, monetize, and create derivatives of their IP. The protocol, or more specifically the IP Assets and modules described above, are what automate and enforce those terms on-chain, creating a mapping between the legal world (PIL) and the blockchain.
