How does AI-driven + blockchain empower Story to reshape the rules of the traditional IP market?

Story provides a centralized way to transform the interaction between content creators and consumers, leveraging Block chain technology to ensure ownership, transparency, and fair distribution of content, allowing creators to focus on the idea itself. This article is derived from the article written by PandaLY, which was compiled, compiled and written by PANews. Story Protocol's Ambition: Can Block Chains Really Unleash IP Potential? (Background added: Why did Storyprotocol, which raised $140 million in financing and manage intellectual property, become the darling of a16z?) In traditional IP management, content creators often rely on traditional platforms for the display of their work, but these platforms often profit from it through opaque revenue distribution mechanisms, making it difficult for them to obtain fair value in content creation. Creators face multiple challenges: first, it is difficult to protect rights, creators often find it difficult to prove the source of their rights, and the off-chain process is cumbersome and lacks transparency; Second, the revenue distribution is unfair, and a large amount of IP Derivatives revenue cannot be accurately returned to the original creator; Finally, the authorization process is complex, and manual negotiation and paperwork consume a lot of time and effort. To address these issues, the Story Protocol provides a way to transform the interaction between content creators and consumers through Decentralization, leveraging Block chain technology to ensure ownership, transparency, and fair distribution of content, allowing creators to focus on the idea itself. 1. What is Story? story protocol – introducing a global IP block chain Story is a dedicated layer 1 block chain designed specifically for intellectual property. It can tokenize IP of any type; Whether it's ideas, images, real-world assets, songs, AI models, non-fungible tokens, portrait rights, or anything in between. By embedding terms of use, vesting, and royalty protocols directly into the Block chain, Story provides a transparent, decentralized solution for IP management. This enables IP holders to protect their work, collaborate seamlessly, and unlock more revenue opportunities in an AI-driven economy. Founded by Jason Zhao, Seung Yoon Lee and Jason Levy, Story Protocol is backed by a team that brings together experts in crypto, intellectual property, and AI technologies. In addition, three rounds of large-scale financing have been completed since 2023, and A16Z has invested in three consecutive rounds, pushing the total financing amount to $134 million. Story Technical Architecture and Implementation The Story Protocol as a whole consists of multiple elements: the Story Network (L1), the Proof of Creativity protocol ( smart contracts ) and programmable IP licenses. Story Network Story Network is a purpose-built layer 1 block chain that implements the best features of the EVM and Cosmos SDK. It is fully compatible with the EVM and optimized for the Depth execution layer to support graphical data structures, designed for fast and cost-effective handling of complex data structures such as IP. Implementations include: Use precompiled primitives to traverse complex data structures such as IP graphs in seconds at marginal cost. Consensus layer based on the proven CometBFT stack: ensures fast determinism and low-cost transactions. Creativity protocol Story's "Proof of Creativity" protocol introduces a revolutionary open programmable IP layer that elevates IP as a best-in-class entity in the Block chain ecosystem. At the heart of the system is the IP asset and its associated IP account, a smart contract designed to act as the core identity of each IP. This account-centric approach stores and manages IP-related data, as well as manipulating it through modules that perform various functions. Modules are customizable smart contracts that define and extend the functionality of a suite IP account. Modules enable developers to establish functions and interactions for each IP, making the IP truly programmable. Owners of IP assets can set terms on their IP, and creators of derivative works can then seamlessly extend the suite of their work through mint "license tokens" (as outlined in terms and expressed as non-fungible tokens themselves), utilize the royalty module to generate revenue streams from derivative works, or file disputes through the dispute module. A programmable IP license (PIL) A PIL is a true off-chain legal contract that defines certain licensing terms and specifies how to legally license an IP asset. For example, how IP assets are commercialized or mixed, and who is allowed to do so and under what conditions. Despite being on on-chain, the terms of the IP asset and mint's license token are enforced by an off-chain legal contract called the Programmable IP License (PIL). This contract allows anyone to transfer the tokenized IP to the off-chain legal system. More specifically, the aforementioned IP assets and modules are a means of automating and on-chain enforcement of these terms, thereby creating a reflection between the legal world (PIL) and the Block chain, just as USDC supports fiat currency exchange, PIL also supports IP exchange. Third, the latest project progress of Story Protocol Technology development progress: Architecture design completed: The basic technical architecture of Story Protocol has been completed, and the core team is conducting in-depth testing and optimization to ensure the stability and security of the platform. Smart Contract Development: Smart Contracts for IP management are being developed, and these contracts will handle key functions such as content creation, royalty distribution, and rights management. Testnet has been launched: Testnet: The Story Protocol recently released the Testnet for developers and community members to test protocol functionality. This phase will allow users to submit feedback to improve the various modules of the system and ensure that the platform is in the best possible condition before going live. What's next: Expect to launch Story Protocol Mainnet and launch a beta content creation platform to encourage active participation by creators. Update: Story Protocal plans to launch TCP/IP for AI agents, with the aim of building a marketplace for AI agents. Since there will be countless on-chain AI agents in the future, these AI agents have the need to interact and trade with each other. Story plans to integrate ai16z's Eliza and Virtual's GAME framework, with the aim of allowing all agents to trade IP assets with each other in the future. Challenges facing the Story Protocol In driving change in IP management and content creation, the Story Protocol faced a number of significant challenges that not only limited the pace of its development, but also affected the overall success of the project. Here are the main challenges to analyze from several key perspectives: 1) Difficulty in integrating existing IP In the process of moving to Decentralization, integrating existing intellectual property (IP) will be a ...