The Grayscale digital asset management giant launched a new trust for mid-cap altcoin which doubled its value in the last month.
The new Story Trust from Grayscale offers accredited investors an exhibition in Story (IP), a layer of layer 1 blockchain focused on intellectual property.
Story launched in February and aims to provide an evolutionary intellectual property solution on a blockchain where rights holders can download IP, define the conditions of use and monetize it throughout the protocol application ecosystem. The project also provides real data to artificial intelligence systems (AI), including robots, surgical assistants and autonomous vehicles.
The native active in Story, IP, is traded at $ 5.95 at the time of the editorial staff. The classified cryptographic asset of the 69th by market capitalization is down more than 2% in the last 24 hours, but more than 8% in the last seven days and more than 100% in the last month.
Rayhaneh Sharif-Askary, product manager and research at Graycale, says that the new asset manager’s trust reflects the technological potential of history.
“Grayscale Story Trust gives investors an exposure to a protocol shaping the fundamental intellectual property layer for information and the AI era.
The trust is only invested in the IP token.
Follow us on X, Facebook and Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
