Episode Details

Onchain Intellectual Property with Story Protocol Co-Founder Jason Zhao
8/21/2024
Web3 Galaxy Brain 🌌🧠

Key Insights

Bullish:

  • 🟢 $Story Protocol - Discussing the potential of Story Protocol's future developments and its value based on blockchain IP infrastructure and programmable IP.
    • Story Protocol has raised over 50,000,000 venture dollars to build an on chain protocol for intellectual property licensing.” - Jason (0:00)
    • We felt like that there needs to be an IP infrastructure that creates programmable IP and IP Legos in the same way that CeFi created Money Legos.” - Jason (0:00)
    • What we're doing is basically building the world's programmable IP layer, and we're really focused on basically building infrastructure layer that allows creators and applications to bring creative assets on chain.” - Jason (0:00)
    • Story is basically allowing any content or consumer app, whether it's crypto or not, to bootstrap a content graph.” - Jason (0:00)
    • What story lets you do is you can bring any asset on chain and it's represented as sort of a unique form of NFT, that's how our protocol works, and then you can set as a creator or as an application registering that, you can set the terms for how other people can engage with that.” - Jason (0:00)
    • Every IP gets superpowers when you register on story. You have a licensing module that allows you to attach a real legal license to your IP.” - Jason (0:00)
    • The mission is to really decentralize this, open source this, and we build out the module architecture in such a way that we expect and we encourage developers to bring their own modules.” - Jason (0:00)🔒
    • We think the pill probably covers 99% of use cases, but if people wanna bring their own license, or you can even imagine, like, lawyers creating licenses and selling them and allowing people to use them on story for a small fee, like, that's possible as well.” - Jason (0:00)🔒
    • The way we think about it is, you know and and this is all going to treasury at the end of the day because we are decentralizing the protocol and, you know, that's why we use blockchain at all is because we don't wanna be this holding company.” - Jason (0:00)🔒
    • We have some exciting updates in the coming weeks, so stay tuned.” - Jason (0:00)🔒

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