What is Story Protocol? AIRDROP

GDNP...MVNE

5 Mar 2024

In May 2023, Story Protocol raised an astonishing $29.3 million in a seed round led by A16z Crypto. Other notable participants in this seed round included prominent entities like Hashed, Endeavor, Samsung Next, Foresight Ventures, Dao5, Insignia Venture Partners, Alliance DAO, and Mirana Ventures.
This article delves into the essence of Story Protocol, its remarkable fundraising achievements, the purpose it serves, and why content creators and IP owners should consider embracing this groundbreaking protocol.

What is Story Protocol?

The digital age has transformed the way we create, share, and protect intellectual property (IP).
In this era of innovation, a web3 startup called Story Protocol is making waves by redefining the landscape of intellectual property management through the power of Blockchain technology.

Story Protocol is an innovative blockchain-based intellectual property (IP) protocol designed to revolutionize the way intellectual property is created, managed, and licensed in the digital age.
It offers a global and scalable library of intellectual property assets, empowering creators to tap into a decentralized ecosystem that enables them to protect, monetize, and collaborate on their creative works with unparalleled transparency.

Story Protocol Funding Rounds

Story Protocol (Official Website) has garnered significant support from investors and industry leaders, solidifying its position as a key player in the blockchain and IP management space.
In a recent milestone, Story Protocol successfully completed a Series A funding round, securing an impressive $25 million in investments.
Leading this funding round was a16z crypto, a renowned entity in the world of cryptocurrency and blockchain investments.

This achievement comes on the heels of Story Protocol’s earlier funding round in the same year, where it raised an astonishing $29.3 million in a seed round.
Notable participants in this seed round included prominent entities like Hashed, Endeavor, Samsung Next, Foresight Ventures, Dao5, Insignia Venture Partners, Alliance DAO, and Mirana Ventures.
Additionally, influential angel investors, such as David Bonderman, the founder and chairman of TPG Capital, and Roham Gharegozlou, the founder and CEO of Dapper Labs, joined the ranks of Story Protocol supporters.

What Is the Purpose of the Protocol?

At its core, Story Protocol aims to disrupt the traditional landscape of intellectual property management by harnessing the transformative capabilities of blockchain technology.
The protocol seeks to empower creators by providing them with a platform that enables unlimited creativity.

Create

Story Protocol empowers content creators to produce, protect, and license their intellectual property seamlessly and transparently on the blockchain.
It eliminates barriers to entry, allowing creators from diverse backgrounds to participate in the creation process.

Manage

The protocol offers a suite of tools for the efficient management of intellectual property rights, attribution, and provenance.
These features ensure the security and authenticity of intellectual property assets.

License

Story Protocol facilitates frictionless licensing of intellectual property, allowing creators to set transparent and programmable licensing conditions.
This innovation simplifies the complexities of traditional IP licensing negotiations and paves the way for scalable licensing models.

Remix and Compose

The protocol actively encourages the remixing and composing of intellectual property assets, fostering a dynamic ecosystem of collaborative creativity.
This collaborative approach enables creators to build upon existing works, creating a thriving creative community.

Why Do You Need Story Protocol?

Story Protocol offers an array of compelling reasons for content creators and intellectual property owners to embrace this transformative platform.

Democratized Creation

The Protocol democratizes the creation of intellectual property by making it accessible to a global audience.
It eliminates geographical and economic barriers, enabling creators from various backgrounds to participate in the creation process.

Enhanced Protection

The blockchain’s immutable nature ensures the security and authenticity of intellectual property assets.
Creators can trust that their works will be protected from unauthorized use, plagiarism, and intellectual property disputes.

Transparent Licensing

Creators can define and implement transparent and programmable licensing conditions on the blockchain.
This innovation simplifies the traditionally complex IP licensing process, allowing creators to set licensing parameters that align with their preferences.

Monetization Opportunities

Story Protocol opens up new monetization opportunities for creators by providing mechanisms for shared upside and royalty streams.
This approach encourages both original creators and those involved in remixing and derivative works to benefit from their contributions, creating a positive-sum game for all participants.

Integration with Web3

As a web3 startup, Story Protocol is at the forefront of blockchain technology, aligning with the future of the internet.
It offers compatibility with emerging web3 platforms and technologies, positioning creators for success in the evolving digital landscape.

Introducing the Founders and Team

The visionary team behind Story Protocol comprises individuals with diverse experiences and a shared commitment to revolutionizing the intellectual property landscape.

Seung Soo Kim (CEO)

Seung Soo Kim (Twitter), a co-founder of Story Protocol, serves as the Chief Executive Officer.
His entrepreneurial journey includes founding Radish Fiction, a storytelling app that garnered significant attention when it was acquired by Kakao for $440 million in 2021.

Jason Levy (Co-Founder)

Jason Levy (Twitter), another co-founder of Story Protocol, boasts senior positions at tech giants Amazon and Apple in his background.
Before co-founding Story Protocol, he launched World Between Worlds, an entertainment app that allowed users to explore real-world places inside their mobile phones.

Jason Zhao (Co-Founder)

Jason Zhao (Twitter), yet another co-founder, previously served as a product manager at Google’s AI subsidiary, DeepMind, showcasing his expertise in cutting-edge technology.

Ben Sternberg (CFO)

Ben Sternberg (Twitter), the Chief Financial Officer of Story Protocol, has a background as the CFO of Radish Fiction before joining the Story Protocol team in September of the previous year.

==================AİRDROP============

Protocol is a project to help preserve intellectual property in WEB3. Designed for creators of all kinds of media - prose, images, games, audio and more - Story Protocol’s applications give writers and artists the ability to track the provenance of their work, allowing anyone to contribute and remix, while preserving the value of their contributions.

💰The project has already raised $54.3 million from a16z and other foundations.
At the end of February the Story Protocol team launched the first version of their product, which we can test now and for that we are promised to get a commemorative NFT early adopter. Perhaps some kind of drop will be handed out for it in the future, so don't miss out.

✅ What to do:
1-Go to the site, click "Continue"
2-Choose any of the proposed options (screenshot) You will have a different text here.
3-Using the translator we understand the meaning of the text and write the continuation of the story (screenshot).
4-Click "Attribute to Your Wallet" (screenshot), specify your address from metamask and click "Submit" (screenshot).
5-On the right side we see this inscription, so everything is successful.

🕘 Execution time: ≈ 2 minutes
💰 Financial costs: ≈ 0$
📆 Deadline: TBA

Our NFT will be sent to us later. Very simple activity, I recommend to do it on several wallets just in case, suddenly these NFTs will be worth something later, because it happened very often for many projects.

Disclaimer: The content presented is intended for educational purposes only and should not be interpreted as financial advice. It is important to undertake your own research (DYOR) prior to engaging in any investment activities.

Cryptocurrencies involve inherent risks, with prices subject to significant fluctuations. Kindly remember that all investments carry potential risks, and past performance does not guarantee future outcomes.

Subscribe and Follow for Free access to my newsletter every time I publish, and keep yourself updated on the latest AI tools, Chatgpt trends,crypto,nft,blockchain,web3 and technologies to make your lives easier and more productive, save money, and be effective at whatever you do. Your support motivates me to keep researching, designing cheatsheets, and writing about such topics.