[PRESS RELEASE – Singapore, Singapore, December 20th, 2024]
Foresight Ventures, a global leading Venture Capital in Web3 and blockchain, has unveiled its latest research report on Story, highlighting its transformative potential in building a decentralized ecosystem for managing intellectual property (IP). The research delves into how the protocol enables trustless IP management, automated licensing, and dynamic royalty systems, fostering an AI-driven IP economy that redefines digital creativity and collaboration.
Revolutionizing the IP Landscape
Story recently introduced the Agent Transaction Control Protocol for Intellectual Property (ATCP/IP), a groundbreaking framework enabling the seamless and autonomous exchange of IP on-chain. By integrating programmable licensing terms, royalty automation, and dispute resolution mechanisms, it provides a scalable, trustless infrastructure for creators and innovators.
“Story is more than a blockchain; it’s an operating system for decentralized creativity,” said Maggie Wu, Research Lead at Foresight Ventures. “Its ability to empower creators with scalable, automated, and transparent IP tools is a paradigm shift in how we view and manage intellectual property globally.”
Pioneering the AI Economy
A key highlight of the research is Story’s role in bridging blockchain technology with the growing AI ecosystem. The ATCP/IP framework allows AI agents to autonomously manage, license, and trade datasets, outputs, and algorithms, facilitating collaboration and innovation at an unprecedented scale.
“AI and blockchain are converging to reshape how we manage and transact value,” said Forest Bai, Co-founder of Foresight Ventures. “Story stands out by enabling a frictionless marketplace for intellectual property, empowering creators while fostering sustainable innovation through trustless systems.”
Real-World Applications and Future Potential
Story’s applications extend beyond intellectual property to address broader market needs. From tokenized real-world IPs like Bored Ape Yacht Club to royalty-based financial derivatives, its modular framework provides robust solutions for creators and enterprises. Its AI integration further amplifies its scalability, enabling decentralized knowledge economies to thrive.
For more details of the research, users can visit this LINK.
About Foresight Ventures
Foresight Ventures is the first and only crypto VC bridging East and West. With a research-driven approach and offices in the US and Singapore, they are a powerhouse in crypto investment and incubation. Their premier media network includes The Block, Foresight News, BlockTempo, and Coinness. The team aggressively invest in the most daring innovations. They are dedicated to partnering with visionary projects and top teams to help them succeed, reshaping the future of digital finance and beyond.
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