Chris Dixon pfp
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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Chris Dixon pfp
Chris Dixon
@cdixon.eth
None of the above should be taken as investment advice or an advertisement for investment services; please see https://a16z.com/disclosures/ for more information.
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Jason Zhao pfp
Jason Zhao
@jasonzhao
Excited and honored to work together to build the programmable IP rails for the internet!
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Cameron Armstrong pfp
Cameron Armstrong
@cameron
Why does Story need a new, dedicated L1?
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Adam Blumberg pfp
Adam Blumberg
@adamblumberg
My thoughts: https://x.com/Interaxis8/status/1826282241401426081
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raulonastool.eth 🎩 🏰 pfp
raulonastool.eth 🎩 🏰
@raulonastool
The move from "don't be evil" to "can't be evil" is nigh
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Special Agent Royo
@hadrien
Always being bearish on new middleman even branded “protocols” for entertainment when IP creators need badly to remove them. This one is unlikely to replace existing one either. Creators don’t have a problem to track/sell IP derivatives and evenless registering them. They have a problem in enforcing their rights and talent Agencies/Unions are pretty good at that although I hate to admit it but web3 has thought me their take rate is not that unreasonable. The value to reclaim is distribution and IP-as-Protocol is the investable protocol for that. Unfortunately onchain IP has no legal framework in the US and even a low ball attempt like Stoner Cats showed that it was going to be hard. Yet there is another way to see your inspiring thesis @cdixon.eth come to life… IP-as-Protocol paired with proprietary AI IP models will be game changer in letting creators code the next generation ai distribution.
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Breck Yunits
@breck
Have you read https://breckyunits.com/freedom.html?
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F A R H A N 🫧 𓏲‧₊˚ pfp
F A R H A N 🫧 𓏲‧₊˚
@khfrhn.eth
@cdixon.eth they raised total 140m right?
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0xZara.eth🎩 pfp
0xZara.eth🎩
@0xzara.eth
congrats!!
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Chase Sommer pfp
Chase Sommer
@chasesommer.eth
Thanks for sharing sir! I followed them both. I'll check out the article now
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law pfp
law
@traguy.eth
Love this, Chris This is absolutely great news fr :) Can’t help but wonder how story will come in play, in addressing the issue of AI generated content and how it rubs off on creator rights. Either way, looking to the absolute greatness toncome
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Aryan 🎩
@aryan
This is huge
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Pete Horne pfp
Pete Horne
@horneps
80m is a huge chunk of change for what seems like a private network for NFTs.
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SeeDAO pfp
SeeDAO
@seedao
Qustion🙋‍♀️: Can Story protocol can support creator give credit to others or URL? Protocolize the creation network and sharing mechanism. Like this: https://explorer.gitcoin.co/#/round/10/44/16
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Crossfre586 pfp
Crossfre586
@crossfre586
Innovative approach to protecting creator rights in the age of AI. Excited to support Story team's mission.
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Andrei pfp
Andrei
@wipeout
Bullish
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enjoytech pfp
enjoytech
@enjoytech.eth
dont fuk with my IP
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Evelin pfp
Evelin
@luunnaa
Powerful insights here.
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Andriy pfp
Andriy
@andriy1678
good news
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