As of February 9, 2025, Story Protocol has made significant strides in the realm of intellectual property (IP) management and blockchain technology. Here are the latest developments:
AI Agents Trading IP Rights
On February 8, 2025, Story Protocol introduced a groundbreaking framework enabling AI agents to autonomously buy and sell IP rights. This innovation represents a pioneering example of an AI-to-AI economy, where AI agents act as autonomous entities engaging in IP transactions on behalf of their owners. This system not only streamlines IP management but also ensures creators receive appropriate compensation for their work.
Appointment of Andrea Muttoni as President
On February 5, 2025, the Story Foundation announced the appointment of Andrea Muttoni as its new President. In this role, Muttoni will lead efforts to advance the Story Protocol, drive its adoption, and ensure its sustainability as the standard for tokenized intellectual property.
Developer Mainnet Launch
On January 19, 2025, Story Protocol achieved a significant milestone by launching its Developer Mainnet with the creation of its genesis block. This development establishes the initial validator set and core infrastructure partners, marking the final step before the Public Mainnet release.
Funding and Valuation
In August 2024, Story Protocol secured $80 million in a Series B funding round led by Andreessen Horowitz (a16z), bringing its valuation to $2.25 billion. This investment underscores the platform’s commitment to combating copyright theft by leveraging blockchain technology.
These developments highlight Story Protocol’s dedication to revolutionizing IP management through blockchain and AI technologies, offering creators innovative solutions to protect and monetize their work.