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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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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