Chris Dixon
@cdixon.eth
Today we’re announcing that @a16zcrypto is leading an $80M Series B financing of PIP Labs, developer of @storyprotocol. Story is a blockchain protocol that allows creators to register their IP so they can track and monitor use, protecting their legal and economic rights. The goal is to create foundational infra that can underpin a new economic covenant between creators and platforms. The team behind Story has deep tech and creative expertise. CEO/cofounder @s-y-lee has impressed us with big-picture vision and world-class tactical execution. Cofounder @jasonzhao studied CS at Stanford, dove deeper into AI at DeepMind, and now leads technical development on Story. For AI systems and creative people to happily co-exist, creators need a modern way to ensure they get compensated for their work. Story takes a proven approach — IP law — and updates it for the age of AI. We are excited to support the Story team on this important mission. https://a16zcrypto.com/posts/article/investing-in-story
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Cameron Armstrong
@cameron
Why does Story need a new, dedicated L1?
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gooby pls
@gooby
gud post from Story's cofounder on exactly this: https://x.com/jasonjzhao/status/1826236451954286946?s=19 quite neat following along his thought process here
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Eric P. Rhodes
@epr
exactly what i was thinking. unless the goal is to "own" the protocol.
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Ivan P
@dayofniagra
Or 80 mil...
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Special Agent Royo
@hadrien
Because if you cut yourself from ethereum you literally own an exclusive market without paying a premium for it… just like DCP did… and the more incompatible with ethereum the better as neither creators, neither audiences, neither content can be part of the ethereum open market. value concentrate around a token they don’t have control over. I can go on…
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