Facing the ancient and grand topic of how to manage and protect intellectual property rights, Story released a white paper this week, which explains in detail how Story uses blockchain to solve this problem. Here we read the white paper and don’t want to get entangled in complex and obscure technologies and charts. We just want to talk about how Story will bring this story into reality.
1. Story What kind of story do you want to tell?
Storys core vision is to make intellectual property management more efficient, transparent and flexible through blockchain technology. Traditional IP management often faces the problems of inefficiency, time-consuming and opaqueness caused by centralization, and Story hopes to change this situation through the following three features:
Programmable: Preset usage rules through smart contracts, such as profit distribution, authorization conditions, etc., to reduce communication and execution costs.
Tradable: IP assets can be licensed, sold or mortgaged as easily as cryptocurrencies, breaking the limitations of physical assets.
Transparency: Ownership, authorization records, and revenue distribution are put on the chain to ensure openness, transparency, and immutability.
Through these features, Story hopes to promote the tokenization and monetization of IP, helping creators to protect and monetize their creations more efficiently.
2. What content can generate IP? How to generate IP and monetize it?
Story supports multiple types of objects to generate IP, and its modular technical architecture enables the registration, protection and monetization of intellectual property rights, helping these IP assets to maximize their value. Here we will talk about how Story produces IP for these assets and builds monetization channels from the perspectives of creative content, digital assets, AI models and their generated content, and technical assets.
2.1 Creative Content
Including literary works, art, music, video, animation, etc.
How does Story generate IP?
Proof of Creativity (PoC): Verify the originality of the work through the PoC protocol to ensure the legitimacy and uniqueness of the intellectual property.
Storage Core: Store large-scale content (such as videos and music files) in a distributed storage system (such as IPFS) and record metadata and smart contract rules on the chain.
IP Graph: records the ownership, authorized use and derivative relationships of creative content, such as the profit distribution relationship after a literary work is adapted into a movie.
How to monetize?
Authorized use: Creators define authorization rules (such as authorization fees and number of uses) through smart contracts, and content can be used and paid for by publishers, platforms or advertisers.
NFTization: Convert works into NFTs and sell or auction them on the global market.
Automatic royalty distribution: When content is used, royalties are automatically paid to creators through smart contracts.
Application examples:
Aria Protocol: Aria Protocol transforms Justin Biebers single Peaches into an IP asset based on Story. When fans and brands can purchase on-chain authorization for Peaches for advertising or cover, royalties will be paid to the original creator according to the rules of the smart contract.
2.2 Digital Assets
Such as NFT, metaverse virtual land, game props, data sets, etc.
How does Story generate IP?
Digital Registration: Register virtual assets (such as game props, virtual land) on the chain and set ownership, usage rights and transaction rules.
Dynamic Licensing: Smart contracts allow users to rent, share or purchase the right to use digital assets on demand.
How to monetize?
Trading and leasing: Virtual land, game props and other assets can be sold or leased directly, and the proceeds are distributed through smart contracts.
Fractional Ownership: Divide high-value assets (such as virtual land) into multiple tokens, allowing multiple investors to hold them together and share the profits in proportion.
Dataset authorization: Developers can rent datasets for AI model training and pay fees calculated based on usage.
Application examples:
Emergence (@emergenceverse): Emergence is a metaverse platform where users can purchase virtual assets (such as land and props) and register them as IP through Story, making it easy to trade and license.
Gomble Games (@GombleGames): Gomble Games is a Story-based blockchain game project that allows players to register in-game items as IPs and realize value-added through on-chain transactions or cross-chain transfers.
2.3 AI Model
How does Story generate IP?
Proof of Creativity (PoC): Verify the originality of the model through PoC and record the source of its training data to ensure legitimacy.
Model Registration: Register the AI model as IP, and record the model architecture, training source, and calling rules on the chain.
On-Chain Execution: Story provides computing power support, allowing users to call models directly on the chain and charge according to usage.
How to monetize?
API call authorization: Developers can open model APIs, authorize enterprises to call models and charge based on the number of calls.
Revenue distribution: When the model is used to generate content (such as advertisements, videos), the revenue is automatically distributed to the model developer through smart contracts.
Optimized model transactions: After being optimized, the derivative model can be registered as a new IP and traded on the chain, and the income is distributed according to the derivative relationship.
Application examples:
Dria (@driaforall): AI agents on the Dria platform can register IP in the Story ecosystem and authorize others to use these IPs to train data, helping companies and individuals quickly train their own AI models.
MyShell (@myshell_ai): MyShell creators can register on-chain IP for their AI models and set up authorization and fee mechanisms for the models, building an economic ecosystem that truly serves creators, users, and investors.
2.4 AI Generated Content (AIGC)
Including text, images, video and audio content generated by AI.
How does Story generate IP?
Content Provenance: Ensure transparency and traceability by recording the model source, training data, and generation process of generated content on the chain.
IP Graph: Tracks the derivative relationships of AI-generated content, such as the revenue distribution path after the generated image is used for advertising or design.
How to monetize?
Direct licensing: AI-generated content can be directly licensed to businesses through smart contracts for commercial purposes (such as advertising and publishing).
NFTization: Convert AIGC content into NFT and sell or auction it on the market.
Revenue sharing: Creators and AI model developers can share AIGC revenue in proportion, and achieve automated distribution through smart contracts.
Application examples:
SoloAI (@soloai_dj): SoloAI is a Story-based music creation platform where users can use AI to create music and share it with the community. Through the innovative bond curve model, SoloAI helps users quickly monetize their music while introducing community participation and support.
BlockBook: BlockBook is a Story-based content creation platform that aims to allow creators to control their own content and intellectual property (IP). It supports creators to monetize content through remix (adaptation), derivative creation and distribution, and gives content value in the AI, brand and other creator ecosystems.
2.5 Technology assets
Such as technology patents, design patents, machine learning algorithms, etc.
How does Story generate IP?
Smart Contract Core: Define authorization rules for technology assets, such as charging by number of calls or contract terms.
Off-Chain Synchronization Core: Verify the authenticity of technology patents and algorithms, and generate legally binding on-chain authorization contracts.
IP Graph: records the usage and derivative relationships of technology assets, such as how the benefits are distributed after the basic algorithm is improved.
How to monetize?
Authorization and licensing: Technology patents can be authorized to other companies through smart contracts and charged according to the terms of the contract.
Profit sharing: When technology assets are used commercially, the profits are automatically distributed to the owners through smart contracts.
Financing and collateral: Technology assets can be used as on-chain collateral to participate in DeFi applications and obtain liquidity.
3. What is the $IP token?
$IP is the native token of Storys platform, which can be used as a settlement token for purchasing various IPs. It is also a medium of value exchange for coordinating the entire network, especially playing an important role in the communication authorization between AI agents. In addition, Story uses the Proof of Stake (PoS) consensus mechanism, and verification nodes need to pledge $IP as collateral to maintain network security.
In summary, $IP is the general token, gas token, and staking token of the Story platform.
4. What are the characteristics of Story as a Layer 1?
As a Layer 1 blockchain focusing on intellectual property, Story not only combines flexibility and efficiency, but also promotes the integration of IP and AI economy. Specifically, it has the following features:
4.1 IP Native
Story has been developed entirely around the needs of IP since the underlying protocol, supporting functions such as registration, tracking, verification, authorization and revenue distribution of intellectual property rights. All IP data is stored on the chain to ensure that it cannot be tampered with and maintain the security of intellectual property rights.
4.2 Modular Design
Storys modular architecture enables it to flexibly adapt to a variety of scenarios. For example, it supports the deployment of specialized protocols such as Proof of Creativity and Agent TCP/IP Protocol, providing tailored solutions for creators, developers, and AI agents. The modular design also allows developers to easily create and expand specific IP application scenarios, such as IP financialization (IPFi) or distributed content creation. This architecture enhances the flexibility of the network, enabling new features or protocols to be developed independently and integrated quickly.
4.3 EVM compatibility and multi-chain compatibility
Story is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to directly migrate smart contracts and applications on Ethereum, lowering the development threshold. In addition, Story also supports cross-chain communication and asset interoperability, helping intellectual property rights circulate in multiple blockchain ecosystems.
4.4 AI Integration (Agent TCP/IP Protocol)
Story has achieved deep integration of AI through the Agent TCP/IP protocol, which supports autonomous communication and transactions between AI agents on the chain. AI agents can not only create, verify and manage intellectual property rights in the Story network, but also participate in IP transactions and revenue distribution, promoting the development of an automated intellectual property economy.
4.5 Zero-Knowledge Proof (ZK)
Story integrates zero-knowledge proof (zk) technology to provide higher privacy and security for intellectual property management and transactions. Through zk technology, Story can verify the authenticity of transactions while ensuring data privacy.
5. What is the significance of Story to the development of AI x web3?
As an IP-only chain, Story also focuses on the IPization of AI assets in its design, allowing AI models and generated content to flow efficiently on the blockchain, deeply promoting the integration of AI and Web3.
5.1 Full-chain management of AI intellectual property rights
Story supports putting AI models and the content they generate on the chain, from data sets to fine-tuning models to generating content, forming a traceable economic network. All content can be registered as on-chain IP assets, and authorization and revenue distribution can be achieved through core modules.
5.2 Agent TCP/IP Protocol: Autonomous Collaboration of AI Agents
The Story team innovatively proposed the Agent TCP/IP protocol, which provides a standardized solution for intellectual property transactions between AI agents. Through this protocol, AI agents can autonomously complete the authorization and negotiation of training data, algorithms, and content without human intervention. This enables multi-agent collaboration (such as the division of labor and profit distribution in film production) and knowledge sharing between agents, truly realizing the autonomy and efficient collaboration of AI agents.
5.3 Monetization and Incentive Mechanisms for AI Content
Story provides a transparent revenue distribution system to ensure that contributors of data, models, and generated content receive fair rewards, while encouraging the continued emergence of high-quality resources and creative content.
Summarize
As a Layer 1 public chain focusing on intellectual property management, Story provides programmable and tradable IP solutions, and opens up new application scenarios through deep integration with AI and Web3. Whether it is creators protecting content rights or developers exploring more possibilities of IP economy, Storys technology and architecture provide new tools and ideas for the digital transformation of the global intellectual property market. With the release of the white paper and the approaching TGE, we can look forward to more possibilities of the Story ecosystem.
