The software company behind Story Protocol, an intellectual property-focused blockchain, has raised $80 million in a round led by venture capital firm a16z crypto.
Palo Alto-based PIP Labs, the lead developer of Story, secured the capital at a valuation of $2.25 billion, according to people familiar with the matter who asked not to be identified to discuss confidential information. Other investors in the round include Polychain Capital, Stability AI Vice President Scott Trowbridge, K11 founder Adrian Cheng and digital art collector Cozomo de’ Medici, PIP Labs said in a statement.
