Coinbase has deployed the commercial support for the brand new native token of a layer 1 blockchain focused on intellectual property (IP).
The history of the evolutionary intellectual property solution launched its main Mainnet on Thursday and aims to serve as a blockchain where rights holders can download IP, define the conditions of use and monetize it throughout the application ecosystem protocol.
Explains the launch announcement of Story,
“AI (artificial intelligence) undermines intellectual property as we know it. The traditional IP system can no longer keep the rate of the speed and the scale of generative AI. Centralized intermediaries make the exchange, licenses and monetization of prohibitive IP. Intellectual property owners see their work used in AI models without allocation or compensation, and even companies of AI themselves cannot conclude millions of individual license agreements.
AI and IP are locked in a zero damage, which makes the market for ideas that are both illegible and illiquid.
Story offers a brand new executive for intellectual property, which creates an open and programmable market for the IP. History is an intellectual property network between peers, built for its ends to transform the IP into a program of programmable assets, allowing exchanges, property and monetization without authorization in AI and on the Internet wider . »»
The project’s native IP token is negotiated at $ 2.08 at the time of writing and is down more than 18% on its first day of negotiation. It is already the classified cryptographic asset of the 158th by market capitalization.
Coinbase adds the “experimental” label to IP, which the platform uses for tokens which have certain risks such as price oscillations and canceled orders due to the drop in volume and availability.
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