The Block releases in-depth report on Story titled "Story Turns Intellectual Property into Currency for Artificial Intelligence"
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The Block releases in-depth report on Story titled "Story Turns Intellectual Property into Currency for Artificial Intelligence"
The only Layer-1 blockchain to secure a16z lead investments in three consecutive rounds is addressing major challenges facing AI.
Navigating Web3 tides with focused insightsOn February 4, The Block released a thirty-page report titled "Story: Turning Intellectual Property into Currency for Artificial Intelligence", offering an in-depth analysis of Story, a Layer 1 blockchain specifically built to reinvent intellectual property (IP) in the AI era.
Key Insights from The Block Report
a16z Makes Unprecedented Bet on Story
Story’s vision has earned broad trust from investors. Notably, Story is the only blockchain project that a16z Crypto has led in three consecutive funding rounds. While a16z “three-peats” are extremely rare across all industries, our research indicates this is unprecedented in the blockchain space. This support underscores the importance of IP as a critical asset class and highlights Story’s immense potential in reshaping the future AI economy.
Chris Dixon, general partner at a16z—the largest venture capital firm in the United States—reaffirmed this vision in a recent interview. When asked about the most exciting projects in this crypto cycle, Dixon specifically mentioned Story, stating: “Story is a project I’m personally involved with, and it has already established global legal standards for copyright licensing within the AI ecosystem.” He emphasized that Story is poised to become a global platform for copyright registration and licensing across film, art, literature, and music. Click here to watch the full interview.
Silicon Valley Roots and the Birth of "L1 Valley"
Founded in Silicon Valley with headquarters in Palo Alto, Story sits at the heart of the emerging innovation hub known as "L1 Valley." Located near Stanford University and close to Aptos and Sui, this area serves as a global nexus for Layer 1 blockchain talent. This strategic positioning further strengthens Story’s leadership in the convergence of AI and blockchain technologies.
Intellectual Property: The World's Largest Intangible Asset Class
As generative artificial intelligence (AI) transforms industries, intellectual property is increasingly becoming a key driver behind rapid AI advancement. According to Brand Finance’s 2023 Global Intangible Financial Tracker (GIFT) report, the total value of intellectual property across technology, finance, scientific research, and other sectors exceeds $61.9 trillion. However, traditional IP systems are generally inefficient, leaving many stakeholders struggling with ownership verification and monetization.
Story aims to solve this challenge by bringing IP on-chain, transforming intangible assets into programmable tools that can generate revenue from AI training, inference, and other emerging use cases. As one of the first blockchain projects to collaborate with major AI companies like Stability AI (the developer of Stable Diffusion), Story is demonstrating how on-chain IP can seamlessly integrate with AI systems.
Story: The "Nvidia of IP"
Just as Nvidia provides the compute layer for AI, Story is building its own IP layer—the essential foundation accelerating AI development. Today’s AI race revolves around model architecture, compute power, and data/IP. Open-source models are rapidly catching up to proprietary models from OpenAI, Anthropic, and Google DeepMind, intensifying competition and commoditization. In compute, both nations and private enterprises are investing heavily in data centers to reduce costs. Yet the most competitive and valuable frontier lies in data and IP. With web data scraping nearing saturation, truly differentiated, high-quality IP has become the decisive factor in determining the success of AI models. Data is the “fuel” for AI, while IP—due to its scarcity—is evolving into a store of value and a core asset powering the future of AI.
Just as Nvidia revolutionized AI compute, Story is positioning itself as the “Nvidia of IP.” Where Nvidia solved the bottleneck in AI computing, Story addresses the next critical challenge: how to effectively access and manage high-quality IP and data. By creating a decentralized, on-chain repository of tokenized IP assets, Story is establishing the foundational infrastructure for data provenance, rights verification, and traceability—essential components in the AI value chain.
Even the most advanced AI models cannot remain competitive without access to structured, high-quality IP. Story’s blockchain-based registry ensures IP assets are discoverable, verifiable, and monetizable, opening new opportunities for IP owners worldwide.
Jason Zhao Discusses Story’s Impact on Podcast "The Scoop"
The release of The Block’s report coincides with Story co-founder Jason Zhao’s appearance on the prominent U.S. blockchain podcast "The Scoop," hosted by Frank Chaparro. In the episode titled “Jason Zhao from Story on How AI Will Disrupt the $60 Trillion IP Industry,” Zhao elaborated on Story’s vision, its unique positioning at the intersection of AI and blockchain, and the profound significance of a16z’s three-round investment.
Jason Zhao pointed out that in the AI era, the value of IP continues to grow, as AI models rely on vast datasets for training and real-time analysis. With Story’s blockchain-based registry, IP can finally be transformed into highly liquid, programmable, and revenue-generating assets—benefiting creators, institutions, and investors alike.
Click here to watch the full episode.
A New Era for IP
The Block’s report further reinforces Story’s status as one of the most promising Layer 1 crypto projects in this cycle. As AI advances rapidly, Story provides the infrastructure needed for IP holders—not just large corporations—to actively participate in and benefit from AI-driven growth.
Story is a purpose-built Layer 1 blockchain designed to transform intellectual property into programmable digital assets. By empowering IP holders to tokenize, protect, share, and monetize their creations, Story lays a solid foundation for AI-driven innovation and decentralized collaboration. As a central force in elevating IP to a key asset class, Story bridges blockchain technology and the AI economy.
To learn more, visit https://www.story.foundation/
For full details, read The Block’s complete report: THEBLOCK.CO - Story: Turning Intellectual Property into Currency for Artificial Intelligence.pdf
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