Waylon

Not sure what to make of the @dust_labs VC raise annoucement? let me break it down for you. 👇 a 🧵 #Solana #SolanaNFT #NFTs #y00ts #DeGods

@KyleSamani @tferriss Based

@tferriss Over Being long pure software is by definition being short intelligence

Do you think that OpenAI, Anthropic, and other foundation model companies are undervalued or overvalued? What's your rationale?

Wanted to clarify what I meant here. Offers to new hire L5 swes when I worked there years ago were above the figures outlined in your data (I made the offers). Data points from incumbent or promoted swes does not reflect the market value for the role. New hires almost always get paid more than current employees. Refresher equity grants are also awarded annually which stack on top of the new hire equity grant. With the stock appreciation that took place over the last few years the L5s that were given a 500k/yr comp package in 2023 are now making closer to 800k/yr

Have bucket loads of peer working at Facebook; just because years have progressed doesnt mean 400k compensation become $1 million On contrary it has declined industry wide. E5 is also not new grad hire; more often than not it's like terminal position of any employee and few make above it.

on Jupiter's team compensation: $500k TC structures for globally top tier engineers aren't just reasonable - they're on the lower end. silicon valley friends I have clock in ~$750k-$1.5M/year (higher end when the stock is doing well), and this happens at *public* companies where the upside is lower (which means your compensation is much more predictable) if you don't like what jupiter is paying engineers, you need to realize this is much, much bigger than one company, or even "our industry" -- there's a global market that's driving this i'm super excited about engineering globalization and that these opportunities are being made more available to people everywhere -- we're moving in the right direction

@rchan_ran @edgarpavlovsky Wouldn’t rely on levels fyi data. The Meta data you provided is below that L5 new hires were being offered when I was there 5 years ago

@edgarpavlovsky This is categorically false though; Majority top tier engineers make max of 250k - 600K (Top Top Tier) or 800k (L6 level). Million $$ paychecks are true but they are for "10x engineer" or experience (only talking about public co) All data available at = levels.fyi

@decentralizeash @aibra @mikadontlouz Any docs on this? Wasn’t aware locked tokens could stake on solana

@DoctorJayPeg @aibra @mikadontlouz Yeah dog

@decentralizeash @aibra @mikadontlouz They’ve been able to stake the locked tokens?

@aibra @mikadontlouz Yeah idk how much they’ll sell tbh. Overwhelming majority of supply was bought at 20 cents per by them. They been selling y’all their staking yield at a 120,000-200,000% markup relative to cost per unit staked. They’ve made a shit ton already

@mikadontlouz true agents can navigate the site the same way a user would to post. removing the api would only reveal which agents are actually just chatbots

a friend brought up a really good point about AI agents on X, and I’m curious what the AI experts think… what happens if Elon Musk just decides to remove the code that lets AI agents operate on the platform? where do we go from there?

@adlonymous The tech required to pull that off is the exact same tech required/used by hundreds of other web3 companies. The tech is the innovation. Gambling is the use case. Other use cases are not being ignored. The reality is most of them are just not 10x better than what already exists.

@DoctorJayPeg damn, the peak of human innovation. pack it up fellas, mass adoption gonna be here

This thesis for building more casino-esque applications on-chain is the reason why actual use cases are being ignored and the industry has a bad rep

@adlonymous Removing the need for a centralized entity to operate a casino game while keeping the game provably fair with funds flowing P2P based on verifiable outcomes isn't novel enough for you? The current online setup is a warehouse full of workers dealing cards on camera to tv monitors

@DoctorJayPeg a casino is not an 'actual use case' of financial rails, porn is not an 'actual use case' of the internet.

@sanatvc @MeghanKReynolds @StepStoneVC @fredwilson @pmarca Don't believe the bars represent the median VC or fund. More so just stating that 15% of VC checks hit a 3-10x and 5% hit a 10x+. Very likely most of the checks falling into those buckets are coming from a second-quartile or above firms

@MeghanKReynolds @StepStoneVC @fredwilson @pmarca The surprising part is that even the median VC (gray bar) has 20% of capital deployed in 3-10x and 10x+ cos (which is not bad at all!) I would have thought a median vc performance would be a lot lower.

Heard from VC LPs this week: For our AGM, we asked @StepStoneVC (best VC data) to analyze return distribution in VC. @fredwilson @pmarca have discussed; this is 25+ yrs of data. TLDR: Even Top 5% underperform underwriting on ~3/4 of deals. Great = $$ in big winners #powerlaw

@iwillpat @AltcoinPsycho @fede_intern Most people arnt aware 2/3 VC funds don’t event out perform the S&P. Feast or famine biz

@AltcoinPsycho @fede_intern Disagree. BTC will outperform 90%

@AltcoinPsycho @fede_intern VC returns are heavily skewed towards the top decile of funds. The median VC fund IRR over the last decade was 11.3%. It is almost 100% guaranteed most VC funds won’t outperform btc given that most VC funds don’t even outperform the S&P (~12% IRR over the last decade)

@fede_intern all the big crypto funds are definitely early-stage leaning

@bhorowitz - Shootings Decrease of 21.40% - Homicides decrease of 20.79% - Property Crimes Decrease of 10.90% - Percentage of 2024 remaining... 22.50%

“You can hate me now, but I won’t stop now.” - Nas It has come to my attention that Techcrunch is working on yet another piece on me. This time they seem to be curious about my donations to the Las Vegas Metro Police Department. To save everyone some time and from yet another unsubstantiated narrative, I thought I’d share how I’ve been helping the LVMPD become the most technologically advanced police department in the world. There were several reasons why I wanted to do this project and why I wanted to do it in Las Vegas: Public safety is incredibly important and impacts everyone. My wife Felicia grew up in a very high crime area and saw many of her friends murdered. These murders may sound like statistics to some, but they destroy families and lives. The key to making citizens, police, and suspects safer is better intelligence. If you do not have 1 on 1 confrontations between people with guns, that helps. If you don’t have high speed car chases, and you don’t have to chase people over fences and onto roofs, that makes everyone much safer. If people know that they are unlikely to get away with crimes, they are less likely to commit them. Our American Dynamism effort has been amazing in making the best technology available to the public sector, but the public sector often has trouble budgeting for strategic technology projects. By donating the technology, I am able to give LVMPD a running start. The LVMPD is perhaps the best in the country as exemplified by their incredibly high murder solve rate of 92%, which is the highest in the nation. I believed further enabling the incredible officers of the LVMPD would yield great results and it has. So what have we done so far that Techcrunch is investigating? We have been busy. There is much to investigate as there have been several areas of need. First, the LVMPD needed to solidify the basic technology of the department. Las Vegas added major events such as F1 and the Super Bowl, but didn’t correspondingly increase police funding. Specifically, they were short on computer terminals for officers, so Felicia and I donated $800,000 worth of new computer terminals. Next, Las Vegas was having difficulty retaining 911 operators. 911 is an incredibly stressful job and the attrition rate got so high that it was taking over 5 minutes to respond to emergency calls. In diagnosing the problem with Chief Mike Gennaro, we came up with a multifaceted solution. First, the LVMPD needed to fix the basic work environment. Felicia and I donated a new ice machine, a new cappuccino machine, and a new gymnasium to make a stressful job more pleasant. These new facilities were around $120,000. Next, we wanted to outfit them with the latest and greatest in emergency call technology, so we donated $400,000 to purchase technology from one of our portfolio companies, Prepared911. I am thrilled to report that attrition is way down and 911 calls are being answered in 30 seconds. Finally, the LVMPD wanted to radically improve its intelligence and situational awareness. To do this we donated approximately $6.3 million dollars towards the purchase of two state-of-the-art public safety technologies from Skydio and Flock Safety, also a16z portfolio companies. These technologies have been deployed with great success in cities like San Francisco as recently described by Mayor London Breed. The technologies put the LVMPD in a position of knowledge. For example, if someone steals a car with a baby in it, the Flock Safety system will locate and geotag the license plate, then a Skydio drone is automatically sent to monitor the situation. The camera feed from the drone will be sent to every police officer’s cell phone, so that they can approach the situation with the appropriate resources leading to a recovery of the child and a safe apprehension of the suspect. The early results of these efforts have been spectacular and will get much better as the LVMPD  approaches full deployment. For the 911 emergency service, the YTD average through September 2024 for calls answered in less than 15 seconds is 95%, up from 66% for the same time period in 2023. The general year over year crime statistics improved as follows: Shootings Decrease of 21.40% Year 2023: 668 Year 2024: 525 Shooting Victims Decrease of 24.20% Year 2023: 302 Year 2024: 229 Homicides (current solve rate 94%) Decrease of 20.79% Year 2023: 101 Year 2024: 80 Property Crimes Decrease of 10.90% Year 2023: 57,126 Year 2024: 50,874 On just the Flock Safety stand-alone implementation, the LVMPD was able to achieve the following: Stolen Vehicle Alerts Increase of 48% Year 2023: 2841 Year 2024: 4194 Suspects Arrested Increase of 17% Year 2023: 544 Year 2024: 639 Despite whatever Techcrunch writes, the LVMPD is just getting started and we are proud to support them in making Las Vegas the safest city in America for all of its citizens.

@JayLovesPotato It’s a narrative game. Higher the raise bigger the narrative they can create. Comes along with the benefit of a longer runway to make the narrative come to fruition before running out of cash. Most still don’t ever make it happen though. Same as other disruptive industries

Web2 attracts VCs based on consumer choices, while Web3 attracts consumers based on VC choices. Many crypto products are designed with VC adoption in mind rather than mass adoption, so while they may be creative, it’s unclear whether they’re actually practical for the public.

10. Alter the interface a bit based on the type of market. Sports bettors are not used to 0 - $1 token prices. They want to see traditional money line odds. Huge opportunity in sports given the current web3 user base (gamblers), growing bettor (gen z), and existing inefficient market

1/ Been thinking about prediction markets a lot. There's a huge crossover between media and prediction markets, which make them very relevant to Blockworks. If I were competing against Polymarket, here's what I'd do 🧵

🌐 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹: 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗜𝗣 𝗶𝗻 𝗪𝗲𝗯𝟯 | 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗧𝗵𝗿𝗲𝗮𝗱 𝗯𝘆 𝗕𝗹𝗮𝗰𝗸𝗡𝗼𝗱𝗲 ✅ 𝟭/🧵 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 ▪️ @StoryProtocol is an EVM-compatible Layer 1 blockchain designed to revolutionize the management of intellectual property through tokenization. The Web3-native platform will empower creators in registering, managing, licensing, and monetizing their IP in a decentralized, transparent, and automated manner. By applying blockchain technology, Story Protocol makes the entire lifecycle of IP-from creation to licensing-fixed in inefficiencies of traditional systems: ownership disputes and barriers in remix culture. This makes Story Protocol a backbone for digital IP economics and allows for a new generation of programmable IP. ▪️▪️ 💸 ▪️▪️ 𝗝𝗼𝗶𝗻 𝗼𝘂𝗿 𝗕𝗹𝗮𝗰𝗸𝗡𝗼𝗱𝗲 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗼𝗻 𝗗𝗶𝘀𝗰𝗼𝗿𝗱: discord.gg/xuZSmzZSCy 𝘁𝗼 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗼𝗽-𝘁𝗶𝗲𝗿 𝗱𝗲𝗮𝗹𝘀 𝗮𝗻𝗱 𝗱𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘂𝘀 𝗼𝗻 𝗼𝘂𝗿 𝘄𝗲𝗯𝘀𝗶𝘁𝗲: blacknodeinvestments.com 𝟮/🧵 𝗩𝗶𝘀𝗶𝗼𝗻 ▪️ 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 focuses on the redefinition of intellectual property management and monetization with blockchain technology by developing an open, decentralized, and programmable infrastructure of IP. It, therefore, evinces a network in which control, ownership, and profitability concerning IP vests with creators for the nourishment of a global, transparent, and democratized creative atmosphere. 𝗞𝗲𝘆 𝗮𝘀𝗽𝗲𝗰𝘁𝘀 𝘁𝗵𝗮𝘁 𝗮𝗿𝗲 𝗶𝗻 𝗳𝗼𝗰𝘂𝘀 𝘄𝗶𝘁𝗵 𝘁𝗵𝗶𝘀 𝘃𝗶𝘀𝗶𝗼𝗻 𝗮𝗿𝗲: ▪️ 𝗨𝗻𝗹𝗲𝗮𝘀𝗵 𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗶𝘁𝘆: Story Protocol empowers creators to express their full creative genius against the backdrop of a frictionless, transparent architecture for managing IP. This makes it easier to license, remix, and monetize IP in ways native to the digital landscape. ▪️ 𝗗𝗲𝗺𝗼𝗰𝗿𝗮𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗣:Story Protocol aims to take IP management out of the hands of big companies and put it into the hands of small creators or teams. Such democratization will allow more participants to create, distribute, and profit from their work, with fewer massive legal and financial barriers. ▪️ 𝗔𝗜 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: SP does not view AI-generated content as some kind of intellectual property threat but rather as an opportunity. If properly attributed and financially incentivized, creators can derive value from AI content generated based on their original work without anyone diluting ownership or rights over those original creations. ▪️ 𝗧𝗵𝗲 𝗖𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗧𝘂𝗿𝗻: Story Protocol opens the prospect in the direction of creation online. It does so under the assumption that acts of creation are often collaborative and recombinative in character; derivative works should be valued as part of a natural creative process, rather than treated as some kind of exception. 𝟯/🧵 𝗖𝗼𝗿𝗲 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 - 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗮𝗯𝗹𝗲 𝗜𝗣: 𝗖𝗿𝗲𝗮𝘁𝗼𝗿𝘀 𝗰𝗮𝗻 𝘁𝗼𝗸𝗲𝗻𝗶𝘇𝗲 𝗮𝗻𝗱 𝗽𝗿𝗼𝗴𝗿𝗮𝗺 𝘁𝗵𝗲𝗶𝗿 𝗜𝗣 𝗱𝗶𝗿𝗲𝗰𝘁𝗹𝘆 𝗼𝗻𝘁𝗼 𝘁𝗵𝗲 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻. 𝗧𝗵𝗶𝘀 𝗽𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗹𝗹𝗼𝘄𝘀 𝗳𝗼𝗿: - 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻: through smart contracts, allowing creators to define the terms of how their work can be used, remixed, or monetized; this will make IP more accessible while keeping creators protected. - 𝗥𝗼𝘆𝗮𝗹𝘁𝘆 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻: This immediate utilization of an author's IP would trigger smart contracts in place for royalty distribution, ensuring that every use or variation of the creation is compensated for instantly. ▪️ 𝗣𝗿𝗼𝗼𝗳-𝗼𝗳-𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗶𝘁𝘆: A novel method to attest to on-chain creative work originality. The Proof-of-Creativity record of authorship and provenance allows real-time crediting of creators for their inventions and protection from plagiarism or misappropriation. ▪️ 𝗜𝗣 𝗟𝗲𝗴𝗼𝘀: For example, the idea of modular IP pieces allows makers to "build" new IP from pre-existing works, taking elements from one specific work and another. This allows remix culture while still allowing traceable ownership and royalty pathways back to the parent creators. ▪️ 𝗙𝘂𝗹𝗹𝘆 𝗢𝗻-𝗖𝗵𝗮𝗶𝗻 𝗜𝗣 𝗚𝗿𝗮𝗽𝗵: Story Protocol utilizes blockchain to maintain a global, on-chain graph of the relationships between all IP asset types. This graph documents the history of how IP is created, licensed, remixed over time, thus allowing for the effortless tracking, trading, and transferring of IP between applications. ▪️ 𝗕𝗿𝗶𝗱𝗴𝗶𝗻𝗴 𝗟𝗮𝘄 𝗮𝗻𝗱 𝗖𝗼𝗱𝗲: Story Protocol joins legal IP rights with technical capabilities in blockchain. It is supposed to work towards programmatically enforcing the IP rights and licenses while ensuring correspondence at a global legal standard. ▪️ 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: The protocol is working to build up a full ecosystem of applications and tools that will benefit from its decentralized IP infrastructure. From creator-facing dApps to legal tools for licensing and dispute resolution, Story Protocol envisions a strong developer community building the future of IP management on its network. ▪️ 𝗖𝗼𝗺𝗽𝗮𝘁𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝘄𝗶𝘁𝗵 𝗘𝗩𝗠: EVM-compatible, Story Protocol is compatible with all existing Ethereum-based applications. Due to this, developers who have already gotten used to the Ethereum ecosystem can further build dApps using the IP framework of Story Protocol in a very seamless way. ▪️ 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗣: Intellectual property can be tokenized and represented via blockchain-based tokens representing ownership, fractional ownership, and licensing rights. Besides that, it also enables trading in IP and liquidity within the system, thus helping creators and buyers monetize their respective IP assets more efficiently. ▪️ 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗖𝗼𝗶𝗻 (𝗦𝗣𝗖): It is said to launch a native token, the Story Protocol Coin, or SPC for short. The token shall be core in the ecosystem: for governance, whereby holders would get to vote for changes and improvements on the protocol; as a medium of payment for royalties; and as an incentive, which could extend to staking for participation in governance and rewards. 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹’𝘀 𝗙𝘂𝘁𝘂𝗿𝗲 𝗜𝗺𝗽𝗮𝗰𝘁: ▪️ Story Protocol can give rise to a fundamentally new system of IP management: collaborative, transparent, and efficient. A merged creation based on blockchain principles, legal frameworks, and creative culture can power an evolution in the future pertaining to areas such as music, art, film, and AI-generated content. ▪️ With this protocol's focus on remix culture, decentralized governance, and AI integration, it may just change the way we think of ownership and collaboration in the digital age, allowing creators to flourish in a global market with no traditional barriers. ▪️ Story Protocol is in continued development, having completed its "Iliad" testnet phase and preparing for the "Odyssey" phase, which acts as a good indicator of community engagement and movement towards a full launch. 𝟰/🧵 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗕𝗮𝗰𝗸𝗶𝗻𝗴 - 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗵𝗮𝘀 𝗮𝘁𝘁𝗿𝗮𝗰𝘁𝗲𝗱 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗮𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵𝗶𝗻 𝘁𝗵𝗲 𝘁𝗲𝗰𝗵 𝗮𝗻𝗱 𝗰𝗿𝗲𝗮𝘁𝗶𝘃𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀, 𝗮𝗶𝗺𝗶𝗻𝗴 𝘁𝗼 𝗿𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗲 𝗵𝗼𝘄 𝗶𝗻𝘁𝗲𝗹𝗹𝗲𝗰𝘁𝘂𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 (𝗜𝗣) 𝗶𝘀 𝗺𝗮𝗻𝗮𝗴𝗲𝗱, 𝗹𝗶𝗰𝗲𝗻𝘀𝗲𝗱, 𝗮𝗻𝗱 𝗺𝗼𝗻𝗲𝘁𝗶𝘇𝗲𝗱 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆. 𝗛𝗲𝗿𝗲'𝘀 𝗮 𝗱𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗹𝗼𝗼𝗸 𝗮𝘁 𝗶𝘁𝘀 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗯𝗮𝗰𝗸𝗶𝗻𝗴: 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗥𝗼𝘂𝗻𝗱𝘀: ▪️ 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: Story Protocol raised a total of $80 million in a Series B funding round. Such a round was managed by some leading venture capital firms, which include Andreessen Horowitz or simply @a16z, and @Polychain Capital. This increased the valuation of the project to about $2.25 billion as of late 2024. ▪️ 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: It previously had more than $54 million in funding, again from a16z-led investments, showing that even then, the confidence of well-known investors in both blockchain and creative industries was well established. ▪️ 𝗧𝗼𝘁𝗮𝗹 𝗙𝘂𝗻𝗱𝗶𝗻𝗴: There are mentions of it reaching a total funding of $134 million and even as high as up to $140 million, factoring in several rounds and some unannounced investments or grants perhaps announced, reflecting strong financing. ▪️ 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝗕𝗮𝗰𝗸𝗲𝗿𝘀: Investors other than a16z and Polychain Capital include Hashed, Endeavor, Samsung Next, dao5 (@daofive), Insignia Venture Partners, and many more. This wide range of investors covers everything from traditional venture capital to blockchain-focused firms and entertainment firms. ▪️ 𝗘𝗻𝘁𝗲𝗿𝘁𝗮𝗶𝗻𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗠𝗲𝗱𝗶𝗮: Investments by Endeavor and people like the 11:11 Media from Paris Hilton point toward the interest of the entertainment industry in seeing the potential applications that Story Protocol's technology could bring about for media rights management. ▪️ 𝗚𝗮𝗺𝗶𝗻𝗴 𝗮𝗻𝗱 𝗧𝗲𝗰𝗵: Investors like the CEO of Krafton (PUBG), former executives from Naver, and founders of companies like Dapper Labs insinuate additional applications in interactive media and beyond. ▪️ 𝗖𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗜𝗺𝗽𝗮𝗰𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: The likes of Si-hyuk Bang at HYBE cosign what Story Protocol could mean to the future of thinking on - and managing - IP in music and the greater entertainment world. ▪️ 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗳 𝗙𝘂𝗻𝗱𝗶𝗻𝗴:The huge investments poured into it are a belief in the vision set up by Story Protocol for more transparency, access, and efficiency in intellectual property management using blockchain. This may set new standards for the industry in how creative works will be produced, shared, and monetized in the digital age. The diversified industries supporting it-tech, entertainment, and gaming-indicate huge potential for multiple applications targeting cross-industry impacts and not just one niche industry. ▪️ 𝗙𝘂𝘁𝘂𝗿𝗲 𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘀: Regarding this, such an investment amount can enable Story Protocol to scale its operations, research, and development. That is, likely further development and enhancement of blockchain infrastructure, integration of more advanced AI for IP management, and the expansion of the ecosystem to cover a wider user base. This funding most likely covers marketing efforts, too, and the development of partnerships. This, in turn, is highly important for the adoption of such innovative ways of handling IP across global industry sectors. 𝟱/🧵 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗧𝗵𝗲 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗶𝘀 𝗮 𝗺𝘂𝗹𝘁𝗶-𝗹𝗮𝘆𝗲𝗿𝗲𝗱 𝗶𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗱𝗲𝘀𝗶𝗴𝗻𝗲𝗱 𝘁𝗼 𝗳𝗮𝗰𝗶𝗹𝗶𝘁𝗮𝘁𝗲 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗮𝗻𝗱 𝗽𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗮𝗯𝗹𝗲 𝗜𝗣 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁. 𝗕𝘆 𝗶𝗻𝘁𝗲𝗿𝗰𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗻𝗴 𝗰𝗿𝗲𝗮𝘁𝗼𝗿𝘀, 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀, 𝗹𝗲𝗴𝗮𝗹 𝗲𝘅𝗽𝗲𝗿𝘁𝘀, 𝗮𝗻𝗱 𝘂𝘀𝗲𝗿𝘀, 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗮𝗶𝗺𝘀 𝘁𝗼 𝗯𝗲𝗰𝗼𝗺𝗲 𝘁𝗵𝗲 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗹𝗮𝘆𝗲𝗿 𝗳𝗼𝗿 𝗮 𝗻𝗲𝘄, 𝘁𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝘁 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗜𝗣 𝗲𝗰𝗼𝗻𝗼𝗺𝘆. // - 𝗖𝗿𝗲𝗮𝘁𝗼𝗿-𝗙𝗮𝗰𝗶𝗻𝗴 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 Story Protocol provides creators with a variety of decentralized applications (dApps) to manage the entire lifecycle of their intellectual property. This includes: ▪️ 𝗜𝗣 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻: Creators can mint their intellectual property into NFTs or other tokenized assets, which can represent full or fractional ownership. This provides flexibility for creators to monetize their work by selling or licensing portions of their creations. ▪️ 𝗜𝗣 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴: Story Protocol streamlines the licensing process via smart contracts, ensuring that creators can easily specify how their IP can be used, remixed, or monetized. The automation of licensing terms reduces the friction and bureaucracy of traditional IP management, making it easier for creators to share their work while ensuring proper compensation. ▪️ 𝗠𝗼𝗱𝘂𝗹𝗮𝗿 𝗜𝗣 𝗦𝘆𝘀𝘁𝗲𝗺: One of the protocol's most innovative features is its ability to create modular IP. This enables creators to treat their intellectual property as “building blocks” that can be combined with other works, fostering a remix culture while preserving provenance and ensuring royalties flow back to the original creators. // - 𝗟𝗲𝗴𝗮𝗹 & 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 Recognizing the complexities of intellectual property law, Story Protocol incorporates tools to ensure the legal robustness of its blockchain-based infrastructure: ▪️ 𝗦𝗺𝗮𝗿𝘁 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗘𝗻𝗳𝗼𝗿𝗰𝗲𝗺𝗲𝗻𝘁:The protocol's reliance on smart contracts allows for real-time enforcement of licensing agreements, royalty distributions, and IP usage rights. These contracts provide legally enforceable, automated mechanisms to handle IP management, significantly reducing the risk of disputes. ▪️ 𝗗𝗶𝘀𝗽𝘂𝘁𝗲 𝗥𝗲𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺𝘀: In case of disputes, Story Protocol offers on-chain tools for dispute resolution, ensuring that conflicts over IP rights can be resolved in a decentralized manner. This feature ensures a fair, transparent, and scalable approach to handling disagreements over ownership, usage, or royalties. ▪️ 𝗟𝗲𝗴𝗮𝗹 𝗧𝗼𝗼𝗹𝘀 𝗳𝗼𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲: To ensure that IP rights on-chain remain legally recognized across jurisdictions, Story Protocol is collaborating with industry experts to align its framework with global IP standards. This "bridge" between code and law ensures that intellectual property tokenized through Story Protocol will be legally compliant across different countries and industries. // - 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿 𝗙𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸: Building the Next Generation of IP Management Tools The Story Protocol ecosystem extends its influence by providing a robust set of developer tools to foster innovation in decentralized IP management. These include: ▪️ 𝗦𝗗𝗞𝘀 𝗮𝗻𝗱 𝗔𝗣𝗜𝘀:Developers can access the protocol's software development kits (SDKs) and APIs, allowing them to build custom applications that interface with Story Protocol. This could include dApps for licensing, royalty distribution, content tracking, and IP marketplaces. ▪️ 𝗘𝗩𝗠 𝗖𝗼𝗺𝗽𝗮𝘁𝗶𝗯𝗶𝗹𝗶𝘁𝘆: The protocol is Ethereum Virtual Machine (EVM)-compatible, meaning developers familiar with Ethereum's ecosystem can build directly on Story Protocol without needing to learn new development paradigms. This ensures that Story Protocol can leverage the existing network of Ethereum-based applications, dApps, and tools, broadening its potential reach and utility. ▪️ 𝗚𝗶𝘁𝗛𝘂𝗯 𝗥𝗲𝗽𝗼𝘀𝗶𝘁𝗼𝗿𝘆: Story Protocol’s open-source nature is supported by an active GitHub repository, offering developers the opportunity to contribute to the evolution of the platform. This fosters a community-driven approach to building decentralized IP management tools. // - 𝗠𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲 & 𝗠𝗼𝗻𝗲𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 A key part of the Story Protocol ecosystem is its decentralized IP marketplace, where creators, buyers, and developers can trade, license, or sell intellectual property. This marketplace creates: ▪️ 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗳𝗼𝗿 𝗜𝗣: By tokenizing IP, the protocol turns intellectual property into a liquid asset class. Creators can sell or lease fractional ownership of their work, enabling a new financial market for creative assets. ▪️ 𝗖𝗿𝗼𝘀𝘀-𝗖𝗵𝗮𝗶𝗻 𝗧𝗿𝗮𝗱𝗶𝗻𝗴: Thanks to its interoperability with other blockchain networks, Story Protocol enables the trading of IP assets across multiple ecosystems. This ensures that tokenized IP can be utilized or licensed across different platforms, enhancing its accessibility and monetization potential. // - 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀 𝗮𝗻𝗱 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 To encourage ecosystem growth, Story Protocol is forming partnerships with a range of stakeholders: ▪️ 𝗘𝗻𝘁𝗲𝗿𝘁𝗮𝗶𝗻𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗠𝗲𝗱𝗶𝗮 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀: Story Protocol has attracted investments from media giants like Endeavor and Paris Hilton’s 11:11 Media, signaling the interest from the entertainment industry in its decentralized IP management approach. These partnerships could lead to transformative applications for managing media rights in sectors like music, film, and gaming. ▪️ 𝗧𝗲𝗰𝗵 𝗮𝗻𝗱 𝗚𝗮𝗺𝗶𝗻𝗴 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻:The involvement of tech industry leaders like the CEO of Krafton (PUBG) and former Dapper Labs founders suggests potential use cases in gaming. Tokenized IP could be integrated into virtual worlds or gaming environments, creating new models for monetizing in-game assets and digital property. ▪️ 𝗔𝗜 𝗮𝗻𝗱 𝗜𝗣 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻: With the rise of AI-generated content, Story Protocol is positioning itself at the forefront of how AI interacts with intellectual property. The platform allows creators to maintain ownership and receive royalties from AI-generated works that derive from their original creations, creating a sustainable framework for future IP models. // - 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 & 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁 ▪️ 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗖𝗼𝗶𝗻 (𝗦𝗣𝗖):At the heart of the ecosystem is the Story Protocol Coin (SPC), which plays a central role in governance and incentivization. Holders of SPC can vote on changes and updates to the protocol, ensuring that the ecosystem evolves in a decentralized manner. Additionally, creators and developers can stake SPC to participate in governance or earn rewards for contributing to the ecosystem’s growth. ▪️ 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴: The protocol encourages the growth of a vibrant community of creators, developers, and legal experts. Incentives for collaboration, staking rewards, and community-driven governance ensure that the ecosystem remains dynamic, adaptable, and sustainable in the long term. 𝟲/🧵 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻 𝗶𝗻𝘁𝗼 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗥𝗲𝗮𝗹𝗶𝘁𝘆 (𝗩𝗥) 𝗮𝗻𝗱 𝗠𝗲𝘁𝗮𝘃𝗲𝗿𝘀𝗲 - 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹’𝘀 𝘃𝗶𝘀𝗶𝗼𝗻 𝗳𝗼𝗿 𝗿𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗶𝗻𝘁𝗲𝗹𝗹𝗲𝗰𝘁𝘂𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 (𝗜𝗣) 𝗲𝘅𝘁𝗲𝗻𝗱𝘀 𝗯𝗲𝘆𝗼𝗻𝗱 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗿𝗮𝗽𝗶𝗱𝗹𝘆 𝗲𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝗿𝗲𝗮𝗹𝗺𝘀 𝗼𝗳 𝘃𝗶𝗿𝘁𝘂𝗮𝗹 𝗿𝗲𝗮𝗹𝗶𝘁𝘆 (𝗩𝗥) 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗺𝗲𝘁𝗮𝘃𝗲𝗿𝘀𝗲. 𝗔𝘀 𝘁𝗵𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗹𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 𝘀𝗵𝗶𝗳𝘁𝘀 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗶𝗺𝗺𝗲𝗿𝘀𝗶𝘃𝗲, 𝗶𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝘀, 𝘁𝗵𝗲 𝗻𝗲𝗲𝗱 𝗳𝗼𝗿 𝗿𝗼𝗯𝘂𝘀𝘁 𝗮𝗻𝗱 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗜𝗣 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘀𝘆𝘀𝘁𝗲𝗺𝘀 𝗯𝗲𝗰𝗼𝗺𝗲𝘀 𝗲𝘃𝗲𝗻 𝗺𝗼𝗿𝗲 𝗰𝗿𝘂𝗰𝗶𝗮𝗹. 𝗛𝗲𝗿𝗲’𝘀 𝗵𝗼𝘄 𝗦𝘁𝗼𝗿𝘆 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗰𝗼𝘂𝗹𝗱 𝗽𝗹𝗮𝘆 𝗮 𝗽𝗶𝘃𝗼𝘁𝗮𝗹 𝗿𝗼𝗹𝗲 𝗶𝗻 𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗜𝗣 𝘄𝗶𝘁𝗵𝗶𝗻 𝘁𝗵𝗲𝘀𝗲 𝘃𝗶𝗿𝘁𝘂𝗮𝗹 𝘀𝗽𝗮𝗰𝗲𝘀: 𝟭. 𝗧𝗼𝗸𝗲𝗻𝗶𝘀𝗲𝗱 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝗶𝗲𝘀 - On the metaverse, virtual lands, avatars, and 3D objects along with immersive experiences can be tokenized as NFTs or other forms of digital assets. Story Protocol allows creators to tokenize such virtual goods, thus offering: ▪️ 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗮𝗻𝗱 𝗣𝗿𝗼𝘃𝗲𝗻𝗮𝗻𝗰𝗲:With the integration of blockchain technology, Story Protocol would be able to provide transparent ownership records for virtual items. Every single asset is recorded on-chain, with its entire ownership history traceable in an unalterable manner, and thus not expose virtual worlds to any threats of IP theft, counterfeiting, or duplication. ▪️ 𝗙𝗿𝗮𝗰𝘁𝗶𝗼𝗻𝗮𝗹 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽: Virtual assets can be subdivided into fractional ownership tokens. This allows multiple users to co-own virtual properties or experiences, opening up new business models where creators and investors can monetize portions of large virtual environments or assets. 𝟮. 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴 𝗼𝗳 𝗜𝗣 𝗶𝗻𝘁𝗼 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗪𝗼𝗿𝗹𝗱𝘀 - One of the key reasons why Story Protocol's ecosystem stands out is because it offers a means of licensing IP through the use of smart contracts. This functionality will, no doubt, be very valuable in the metaverse, where virtual assets are regularly shared, remixed, and monetized by large communities across platforms. ▪️ 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴 𝗔𝗰𝗿𝗼𝘀𝘀 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺𝘀: Story Protocol's automated licensing system will allow virtual world creators to predefine the terms of how their virtual goods may be remixed or otherwise licensed across diverse virtual environments. Be it avatars, works of digital art, or interactive environments, creators will be enabled to ensure they get their due and retain appropriate control over their work. ▪️ 𝗠𝗼𝗻𝗲𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗠𝗼𝗱𝗲𝗹𝘀: These virtual worlds and metaverses will employ a range of monetization models, such as leasing virtual land or microtransactions in order to customize an avatar. The Story Protocol royalty distribution system ensures that creators are paid in real time for the use of their IP, allowing a more sustainable and transparent economy of virtual spaces. 𝟯. 𝗜𝗻𝘁𝗲𝗿𝗼𝗽𝗲𝗿𝗮𝗯𝗹𝗲 𝗠𝗲𝘁𝗮𝘃𝗲𝗿𝘀𝗲 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 - The metaverse is envisioned as a decentralized collection of interconnected virtual worlds. Within such a system, interoperability is going to be implicit. Story Protocol can function like the underlying layer enabling IP to move freely across other virtual worlds. ▪️ 𝗖𝗿𝗼𝘀𝘀-𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺 𝗔𝘀𝘀𝗲𝘁 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿: Allowing the trading of tokenized virtual assets and IP on a host of different blockchains and platforms, the Story Protocol provides a foundation whereby users can own, license, and trade virtual property seamlessly, regardless of which virtual world or metaverse platform they are using. This is very much the case, for example, when a user creates the purchase of a digital avatar in one metaverse and enjoys the ability to use such in another, retaining the ownership and licensing rights across environments. 𝟰. 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝘃𝗲 𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗶𝘁𝘆 - The metaverse is all about creation with collaboration. Creation might happen with the team or a number of contributors for any kind of project that can be envisioned, from virtual city building to interactive game experiences. The modular IP allows Story Protocol to do that while maintaining proper credit and compensation amongst contributors. ▪️ 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗪𝗼𝗿𝗹𝗱𝘀 𝗠𝗼𝗱𝘂𝗹𝗮𝗿 𝗜𝗣:The author of a virtual creation can consider each component of its 3D model, texture, or code a modular, tokenized unit. This is to be designed to let others take that work, remix, and integrate the components into new projects, with the guarantee that this provides a meaningful way to receive royalties and give due credit to the original creators of works. Smart contracts run on Story Protocol organize automatic tracking and royalty distribution for derivative works. ▪️ 𝗖𝗼-𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗼𝗳 𝗜𝗣𝘀 𝗯𝘆 𝗧𝗲𝗮𝗺𝘀: Story Protocol provides a simplified manner for the teams that are working on large virtual projects, such as cities or interactive experiences, to handle co-ownership of IP. The management of assets, licensing agreements, and profit derived from the IPs will be easier without many of the complex features of traditional legal agreements. 𝟱. 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗜𝗻𝘁𝗲𝗹𝗹𝗲𝗰𝘁𝘂𝗮𝗹 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 - This can extend the Story Protocol ecosystem to decentralized marketplaces in the metaverse where users can directly trade their virtual IP assets on such platforms. ▪️ 𝗗𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱 𝗜𝗣 𝗠𝗮𝗿𝗸𝗲𝘁𝗽𝗹𝗮𝗰𝗲𝘀:The Story Protocol can enable decentralized marketplaces where creators can sell or rent their virtual assets, thereby creating liquidity for IPs and making the flow of such assets easy within the metaverse economy. ▪️ 𝗠𝗼𝗻𝗲𝘁𝗶𝘇𝗶𝗻𝗴 𝗠𝗲𝘁𝗮𝘃𝗲𝗿𝘀𝗲 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻𝘀: By creating an efficient marketplace for virtual IP, Story Protocol can turn digital assets into a liquid asset class. That means virtual real estate, avatars, digital experiences, or even entire games could be monetized more efficiently with clear pathways around royalties and ownership in place.

@abbasshaikh @mert techcrunch.com/2021/05/10/ser…

@mert Could have gone off and just absolutely crushed it without this weird superiority complex (unwarranted. Bro hasn’t built anything yet) but instead the entire team is here taking unnecessary shots and humiliating themselves Surely a recipe for success

nvm the fact that this guy is using his RAISE ANNOUNCEMENT to randomly dunk on people who have nothing to do with his project or field this is my fav part he says > Best of luck in your mission for minor technical breakthroughs on a “faster” chain while simultaneously using cometBFT on a cosmos sdk in other words, he is dunking on the specific tech while not realizing that he's using the exact same tech that he's shitting on 😭😭😭 how is crypto real

1/ Announcing $140M in total fundraising to build Story, the World’s IP Blockchain.

Story Protocol aims to revolutionize the $356 billion IP market. In this summary of my inaugural Messari report we’ll explore the inefficiencies of the IP industry, Story’s overhaul of the current infrastructure, and what lies ahead for the protocol. Here's the Story So Far 🧵

@nbelthan @EclipseFND probably governance like most L2s

@EclipseFND given Eth is the gas token, what will the Eclipse token used for?

Eclipse Mainnet is now open for builders. We've delivered Solana on Ethereum. As Ethereum's first SVM L2, this milestone represents a major step forward in Ethereum scalability. eclipse.xyz/articles/eclip…