Story raises $80M at $2.25B valuation to build a blockchain for the business of content IP in the age of AI

August 21, 2024: Story Raises $80M, Targets IP Monetization with Blockchain - Story has secured $80 million in Series B funding, led by a16z crypto, at a $2.25 billion valuation. The startup aims to create a blockchain platform to manage and monetize intellectual property (IP) more effectively in the AI age. CEO S.Y. Lee envisions an IP blockchain enabling creators to control and license their content. With over 200 teams already registered, Story plans a commercial launch later this year. This innovative approach aims to sustain the creative economy amidst AI-driven content disruptions.