Story Protocol, a blockchain-based IP-tracking platform, has raised $80 million in Series B funding led by Andreessen Horowitz with participation from Polychain and others, valuing the company at $2.25 billion. Story Protocol aims to combat the unauthorized use of IP by utilizing a blockchain network that allows IP owners to store their content and embed usage terms, ensuring they are compensated through smart contracts. The funding and product application comes amid growing tensions between AI companies and content creators, as seen in legal battles involving OpenAI and The New York Times.
IP-Focused Blockchain Startup Story Protocol Raises $80M
