According to Foresight News, Story Protocol, a blockchain-based intellectual property (IP) agreement platform, has announced the completion of a $25 million Series A funding round. The round was led by a16z crypto, and with the addition of the $29.3 million raised in May this year, Story Protocol's total funding now exceeds $54 million. Other investors in the round include Hashed, Endeavor, Samsung Next, Foresight Ventures, Dao5, Insignia Venture Partners, Alliance DAO, Mirana Ventures, and angel investors such as TPG Capital founder and chairman David Bonderman and Dapper Labs founder and CEO Roham Gharegozlou.
Story Protocol is a platform for creating, managing, and licensing new IP on the blockchain. It aims to democratize IP creation through a global, scalable IP library, providing a streamlined framework for features such as source tracking, frictionless licensing, and revenue sharing.
