Story raises $80M for blockchain-based IP network to address creative ownership in the AI era

August 21, 2024: Headline - Blockchain Solution for IP Rights in AI Era SummaryProgrammable IP Labs raised $80M to develop Story Protocol, a blockchain-based network for tracking and compensating creative IP in the AI era. Led by a16 crypto, the funding aims to address the issue of big tech using creators work without compensation. Story Protocol ensures IP attribution and automates royalty payments using blockchain, intending to foster new revenue streams for creators.