Story main network is about to be online, and a list of 8 potential projects worth paying attention to

Original title: Tell Your Stories Through Story

Original author: Defi 0x Jeff, person in charge of steak studio

Original translation: Ashley, BlockBeats

Editor's note: Story is reshaping the intellectual property (IP) management in the Web3 era, giving creators greater control through decentralized registration, authorization and monetization. This article sorts out the core concepts and popular projects of the Story ecosystem, and shows how it can make IP tradable and collaborative.

The following is the original content (to facilitate reading comprehension, the original content has been compiled):

In 1935, Happy Birthday to You was widely believed to have entered the public sphere—until it turned out that it wasn’t. The Hill sisters actually registered their copyrights and were later acquired by Warner/Chappell Music and charged high royalties for their use in movies, television and even public birthday parties. In 2013, documentary director Jennifer Nelson formally challenged the copyright while filming Happy Birthday.

Fast forward to 2018, Match Group, Tinder's parent company, sued Bumble for plagiarizing Tinder's signature sliding matching mechanism. Founded by a former Tinder employee, Bumble fought back and filed a counterclaim, claiming that Match Group was trying to make the acquisition by intimidation. Core controversy? Who has the right to "swipe right to match".

By 2021, MSCHF has launched a 666 dual customized version of Nike Air Max 97, named "Satan Shoes", which contains Satan symbols, the soles are embedded in human blood, and is linked to Lil Nas X's "Montero" MV. Nike immediately sued that even though MSCHF was independently remodeled, the shoe design was still based on Nike's registered trademark Air Max.

No matter how these cases end, imagine what would happen if these IPs were registered on @StoryProtocol? Story ensures fair ownership, simplifies the authorization process, and creates a more collaborative ecosystem.

More importantly, it can turn these IPs into tradable assets, allowing creators to seamlessly monetize their work while maintaining respect for their original intentions.

What is Story?

To understand all concepts in depth, it is recommended to read the white paper. But in short, Story provides:

Programmable IP (Programmable IP)

Story Protocol allows creators to register their intellectual property on the blockchain, making it "programmable". This means that IP rights, authorization conditions and monetization rules can be encoded into smart contracts to achieve automated authorization and royalty allocation.

Example: As a creator, you can set specific conditions, such as allowing the community to issue meme coins based on that IP, but you must allocate [x]% of the token supply to the original creator. These conditions will be automatically executed through smart contracts to ensure fair distribution and compliance without intermediary.

Tokenization of IP assets

Story makes intellectual property more liquid by putting it on and tokenizing it. Story ensures that any IP assets can always be authorized, traded and cashed out while maintaining legal protection and ownership. This model can financialize IP value and unlock new opportunities for IP holders, investors and global fans.

Story also has a built-in PT/YT mechanism similar to @pendle_fi to separate IP ownership (NFT representative) from cash flow/royal income stream. This separation provides greater flexibility in IP asset management and monetization. Interestingly, there are also projects like Pendle in the market that can be used to tokenize royalty income rights, allowing investors to bet on future royalty income.

Before introducing the core protocol, it is important to emphasize that Story's ecosystem is becoming one of the most attractive tracks of this cycle. With diversified use cases and strategic partnerships, Story L1 may host a bunch of heavyweight intellectual property, including hit songs from top global artists, a huge IP universe created by the community (maybe challenging Star Wars), AI Generate IP ecology, etc.

Popular Story Eco Projects

Aria

IP Tokenization + RWAs (Real World Assets) = Super Combination

Aria puts top IPs like Justin Bieber’s Peaches on chains, allowing anyone to invest in or build their favorite songs, books, movies, artwork, patents, brands, AI training data—almost any asset.

Currently, Aria has tokenized two IPs, including "Prisoner" by Miley Cyrus & Dua Lipa.

These IPs are part of Aria's Aria Premiere Launch in partnership with @Stake_Stone, which raised $7 million in nine minutes. The funds were used to acquire more than 50 partial publishing and performance copyrights and generate revenue through Web2 royalty streams, Story, Aria and StakeStone.

Market rumors that a top Korean idol brand (the name starts with B) may be the next acquisition target.

IPdotWorld

Do you remember the $CHILLGUY meme coins issued by anonymous users on CT? The original author "Philip Banks" tried to protect his rights, but ultimately failed.

This is exactly what @ipdotworld does - it provides a platform to bind meme coins to real intellectual property rights. When meme coins are issued, a certain percentage of the supply will be reserved for verified IP holders, ensuring that the creator gets the rewards it deserves.

Verio

@verio_story is the $IP staking layer/IP verification service in the Story ecosystem.

By pledging $IP, users can endorse the authenticity of assets and help filter false IP applications. Similar to Ethereum's restaking mechanism, $IP staking uses the crypto-economic trust mechanism to verify intellectual property rights.

$vIP (LST version) is similar to stETH and can be used in the DeFi system of the Story ecosystem.

Jutsu World

@JutsuTCG is an on-chain card game in the Story ecosystem. It adopts an enhanced version of ERC404, providing a dynamic re-investment mechanism to enhance the gaming experience.

Projects to issue tokens/NFTs on the Story main network

Benjamin / Unleashed

@BenjaminOnIp is the first DeFAI agent of the Story ecosystem, committed to becoming the DeFi portal of the Story ecosystem.

Managed by @UnleashProtocol, the protocol is the leading currency market and IP launch platform for the Story ecosystem.

Unleash Protocol plans to develop AI agents into personalized IP roles, not just mascots or memes, and may even interact with characters like Thomas Shelby or Steve Jobs. .

Benjamin will be offering tokens on @FjordFoundry and is expected to be launched within 24 hours.

What the Freg

@WhatTheFreg is the first AI proxy meme coin in the Story ecosystem, which uses Story's TCP/IP standard (the protocol that allows AI proxy to trade IP between AI proxy).

It is Pepe's mortal enemy, designed to challenge the fake pirated meme culture in Web3.

SoloAI

@SoloAI_Agent is supported by @sequoia and is an AI-powered music creation platform that allows everyone to create music easily without professional background.

Mimboku

@mimboku_story is the top NFT project of the Story ecosystem (similar to Bit Bears on @berachain).

This will be the first OG-level collection series in the Story ecosystem, and it is "possible" to obtain airdrops and incentives from other projects.

The casting date has not been determined, but is expected to be shortly after the Story mainnet goes online.

If you are actively involved in Discord discussions, or create high-quality content/meme/artwork, you still have the opportunity to get a whitelist (WL).

Summarize

The Story ecosystem is becoming one of the most exciting innovations in Web3. Whether it’s music, meme, AI or trading cards, Story is building a programmable, liquid IP economic system that allows creators to take control of their future.

The Story main network is about to be launched, so stay tuned!