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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Cameron Armstrong pfp
Cameron Armstrong
@cameron
Why does Story need a new, dedicated L1?
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gooby pls pfp
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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Cameron Armstrong pfp
Cameron Armstrong
@cameron
Thank you for sharing! The answer afaict seems to be “we wanted composability across all chains, but that turned out to be too hard so now we want everyone to use our proprietary blockchain” I wish them the best, want founders to succeed, but it does not feel like a marked improvement our just a better private db
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