Story Protocol Raises $80 Million in Bid to Shake Up IP Ownership in the AI Era

Quick Summary:

Blockchain can replace "a medieval, antiquated system,” PIP Labs cofounder Jason Zhao told Decrypt ahead of its testnet launch.

Empowering artists is one of PIP Labs’ biggest priorities, but the firm also seeks to address issues around artificial intelligence, as companies scrape the internet for heaps of data to train models.

Story would also provide tech companies with data free of legal concerns, while simultaneously rewarding creatives.

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Article Details

Author / Journalist: André Beganski

Category: Crypto

Markets: Estonia

Topics: Intellectual property A16z AI Business Andreesen Horowitz Story Protocol

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 12:01:02 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 22194733

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 10 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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