The Story Protocol has officially launched its public mannet after a six -month long testnet.
A layer -1 blockchain, the Story Protocol has launched its public mannet for the first time to mark the global, programmable market for IP. The purpose of the platform is to replace $ 61 trillion IP asset class to the equipment to manage, trade and mud the creative property to IP holders and AI-managed products.
The launch of the Story Protocol follows the six -month Testnet stage, which began on 27 August 2024 with the “Elliad” Testnet. Now live, its mennet offers a decentralized platform where IP owners can set the license rules and without any intermediary transactions.
The network will be secured by IP tokens. IP is used for transactions, governance and manufacturer awards. IP owners can register and tokens their work on blockchain, set the rules for how it can be used, modified or masked. Developers can create apps on network, create new AI tools, licensing platforms and IP marketplace.
IP has started with an initial supply of 1 billion tokens. A 30-day award Port Testnet has been established to allow participants to claim IP tokens. Steaking IP is an option for those who want to promote network safety. The staking phase for IP, called “eccentricity”, shut down February 1, but the awards will be distributed from starting 2 March.
In particular, the tokens allotted to the initial backers and core contributors will be closed for one year. Major exchanges such as Coinbase, OKX, Cookin, Bibit, Bitgate and Bithhab have already announced the list of IP.
The story protocol raised $ 140 million from investors like Samsung Next and A16Z. Many IP-centrifugal projects are already constructing on the network. Such a project Aria raised $ 7 million to buy Justin Bieber’s right to the song “Peachis” and divided the income among partial owners of IP assets.
