On July 31, Grayscale announced the launch of the Grayscale Story Trust, a new investment vehicle providing accredited investors access to the Story Protocol's IP token.
Launch of Grayscale Story Trust
Grayscale has introduced the Grayscale Story Trust — an investment tool focused on IP, the native token of Story Protocol. This marks Grayscale's first venture into blockchain-based intellectual property infrastructure.
Grayscale's Strategy in Intellectual Property
Grayscale views the IP token as a critical component of a new intellectual property economy that directly links licensing terms, attribution, and royalties through smart contracts. This could address significant issues, including legal ambiguities surrounding AI training data.
Access and Secondary Market Listing
The trust is open for daily subscriptions, but only for accredited investors. Grayscale plans for the possibility of a secondary market pending regulatory approvals, similar to its flagship products, the Grayscale Bitcoin Trust ETF and Grayscale Ethereum Trust ETF.
The establishment of the Grayscale Story Trust highlights the growing interest in blockchain technologies in managing intellectual property and could pave the way for new opportunities for investors and content creators.
