Story Protocol announced the launch of its mainnet and $IP token on February 13, 2025, marking a significant step in blockchain-based IP management.
Transforming IP Management
Story Protocol represents a shift in IP rights management for creators and organizations. Built on an EVM-compatible Layer 1 blockchain, the protocol offers a framework for tokenizing, licensing, and monetizing IP assets. This innovation enhances transparency and automation in rights management.
Programmable IP
The concept of 'Programmable IP' is central to Story Protocol, transforming traditional IP rights into smart contract-enabled digital assets. The PIL system allows rights holders to enforce terms both on-chain and in traditional legal environments.
The $IP Token: Story Protocol Ecosystem
With the mainnet launch, the $IP token becomes an active part of the Story Protocol ecosystem. This token facilitates governance, staking, and transaction processing within the protocol. Its distribution is aimed at sustainable ecosystem development, including community support, initial incentives, and developer contributions.
The launch of the mainnet and $IP token marks a new phase of growth for Story Protocol, offering innovative IP management solutions within the digital economy.
