Comprehensive Interpretation of the L1 Blockchain Story Designed for Intellectual Property

Story is a Layer 1 Blockchain specifically designed for intellectual property (IP). It provides transparent and decentralized solutions for the issuance and management of IP assets, enabling IP holders to protect content, collaborate seamlessly on-chain, and create more revenue opportunities.

IPA(IP Assets) includes various modules such as( authorization, royalties, disputes, etc.) allows IP assets to be standardized on the blockchain, leveraging the traceability and composability features of Blockchain to unlock greater financial potential.

Story is the best choice for the assetization of AI applications. Through Story, the value capture process of any IP asset is protected by smart contracts, enabling clear fund flow and on-chain confirmation of rights.

Consumers can more easily understand and use IP assets ( such as artworks, music, games, and AI Agent ) without needing to learn complex cryptographic knowledge.

Story Begin

What is Story

Story is a Layer 1 Blockchain designed specifically for intellectual property, combining the advantages of EVM and Cosmos SDK, 100% EVM compatible, with deep optimization at the execution layer, capable of quickly and efficiently processing complex intellectual property data structures.

What is Intellectual Property Assets ( IP Assets or IPA )

IPA is the programmable foundational intellectual property metadata on Story. It consists of ERC-721 standard NFTs and ERC-6551 standard TBA(Token Bound Account)IP bound accounts. NFTs represent IP, and TBA is an independent contract bound to IP assets, used to control permissions for interacting with the Story module or storing IP-related data.

Although IP assets use the ERC-721 standard NFT, their metadata is a complete data structure specifically designed for IP assets.

IP assets have predefined attributes, such as relationships. There are 40 different types defined in the Story to address various IP affiliations.

What is an IP Account ( IP Account )

The IP account is implemented through the ERC-6551 standard, an EOA account bound to the IP. Main functions:

1. Store IP-related data: metadata and associated asset ownership information
2. Support data usage for each module: interact with IP accounts, add and store data

Module Design and Core Module of IPA

IP accounts can store IP data and interact with various modules through the ERC-165 standard interface. Users can customize and develop modules. Story defines 4 core modules:

授权模块(Licensing Module)

Allow users to create authorizations from the authorization template (PIL) and attach it to IP assets. Define the authorization terms to restrict others from using the IP for commercial development or joint creation.

Royalty Module(

Define the revenue flow between parent IP assets and child IP assets. Common revenue flow scenarios:

• Minting authorized tokens: Pay minting fees, income flows up the chain.
• Direct Rewards: Send income to IP assets, flowing upwards along the Blockchain.

)# 纠纷模块###Dispute Module(

Provide arbitration methods to resolve disputes. Main components:

• Arbitration Policy: Rules, Processes, and Entity Combinations Determine Dispute Outcomes
• Arbitration Penalty: Consequences of IP Assets being "Tagged"
• Tag: 4 types of tagged dispute assets

)# Grouping Module###

Support the creation and management of grouped IP assets, providing a royalty pool function.

Innovative Exploration of IP Asset Applications

Story allows content creators to easily build a protected copyright empire and participate in financial derivative activities.

( IP Asset Issuance and Features

Take BAYC as an example to illustrate the issuance situation on Story:

1. Yuga Lab registered BAYC as an IPA in Story and set up an authorization template.
2. The royalty module binds 100 million royalty tokens, sharing the income from the royalty treasury.
3. Issue the BAYC 10K Collection, release after minting authorized tokens, stipulating that 5% of the sub-IP income flows into the BAYC treasury.

Story designs a complete licensing and royalty system for IP assets, adding new business logic and trading opportunities:

1. IP asset authorization income: Parent IP open authorization, minting fees are direct income.
2. IP Asset Royalty Income: All income from the extraction of parent IP royalty tokens.
3. IP Asset Authorized Token Trading: The prices of well-known IP authorized tokens are high.
4. IP asset royalty token trading: directly enjoy IP revenue dividends

![Comprehensive interpretation of the L1 Blockchain Story designed specifically for intellectual property])https://img-cdn.gateio.im/webp-social/moments-a57a8c7bc7e42a34e234413fd75049db.webp###

( IP Asset Trading

The form of trading assets in Story remains unchanged, but the fundamentals of the tokens have undergone significant changes:

• Royalty Tokens: IP business development brings clear speculation logic
• Authorized Tokens: Limited quantity or IP value enhancement leads to speculation
• Token Splitting: Royalty and authorization tokens can be split into PT and YT transactions

) IP asset collateral

IP assets, authorized tokens, and copyright tokens can be used for collateral lending. On Story, IP assets are transparent and traceable, reducing evaluation difficulty, and becoming the core of IPFi.

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The Innovative Soil of AI Agents

( AI Agents rapid growth

In July 2023, the Terminal of Truths ) ToT ### triggered a wave of AI Agents.

( A highly valuable AI agent has appeared

• Luna: AI K-pop idol, 6 million TikTok followers, real-time interaction, capable of trading
• AI16Z: AI-driven venture fund that uses AI for investment decisions, community participation in governance
• AIXBT: AI Cryptocurrency Market Analyst, providing real-time market analysis
• Zerebro: AI artist, generates music, memes, NFTs, cross-platform collaboration

These AI Agents demonstrate technological advancements and application potential, possessing strong profitability and are highly valuable IPs.

![Comprehensive Interpretation of the L1 Blockchain Story Designed for Intellectual Property])https://img-cdn.gateio.im/webp-social/moments-65ce0593d745c38c94aa6ad3f22c8f03.webp###

( AI Agents society is forming

AI has experienced a transition from "passive" to "active", from "individual" to "collective/society":

• Proactive behavior: understanding the context, anticipating needs, taking initiative.
• Collective behavior: AI agents collaborate with each other to form complex systems, simulating human social behavior patterns.

) Secure collaboration between agents requires IP infrastructure

The foundation of the agency society is a framework for the trading of knowledge and creative assets, but traditional IP management cannot meet the demands. There is a need for infrastructure that is efficient, transparent, and supports large-scale machine-speed IP transactions.

![Comprehensive interpretation of the L1 Blockchain Story designed specifically for intellectual property]###https://img-cdn.gateio.im/webp-social/moments-1f431fe927fc1c88da8de4b8b322781a.webp###

( ATCP/IP provides IP infrastructure for AI Agents

Story releases Agent Transaction Control Protocol for Intellectual Property )ATCP/IP### protocol:

1. Grant legal personality to AI Agents, unify language
2. Allow flexible formulation of IP License, support automated revenue sharing.
3. Promote the formation of the IP market and create a seamless trading environment.

( promotes new business models and innovation

ATCP/IP gives rise to new business models:

1. Commercialization of Datasets and Automatic Fine-tuning
2. Complex permission model of multi-level profit distribution
3. On-demand dynamic IP authorization
4. Long-term cooperation between agents and sub-agent derivatives

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( ATCP/IP leads a paradigm shift in the AI Agent field.

ATCP/IP allows the IP contracts of AI Agents to be on the Blockchain, with programmability, and is expected to lead a new round of revolution, similar to the disruption of traditional contract execution methods by Ethereum smart contracts.

![Comprehensive interpretation of the L1 Blockchain Story designed specifically for intellectual property])https://img-cdn.gateio.im/webp-social/moments-f654ef381d6d89655821d2dc9fb7f9f4.webp###