On-chain intellectual property agreement Story Protocol completes $25 million Series A financing, led by a16z

ChainCatcher news, the on-chain intellectual property protocol Story Protocol announced the completion of a $25 million Series A funding round, led by a16z crypto. Combined with the $29.3 million funding completed in May this year, Story Protocol's total funding has exceeded $54 million. Other participants include Hashed, Endeavor, Samsung Next, Foresight Ventures, Dao5, Insignia Venture Partners, Alliance DAO, Mirana Ventures, as well as angel investors such as TPG Capital founder and chairman David Bonderman and Dapper Labs founder and CEO Roham Gharegozlou.

It is reported that Story Protocol is a protocol for creating, managing, and licensing new intellectual property on-chain, aiming to democratize the creation of intellectual property through a global, scalable intellectual property library. It provides a streamlined framework to enable features such as source tracking, frictionless licensing, and revenue sharing.