IP

IP

Markets

Story co-founder defends token unlock delay, says project needs ‘more time’

In an interview with CoinDesk, S.Y. Lee pointed to Worldcoin’s extended lockups as precedent for longer runways.

PIP Labs CEO and Story Protocol Co-Founder SY Lee (Provided)

Markets

Story delays $IP token supply unlock as usage lags and dump fears grow

Team and investor tokens now set to unlock in August 2026 as the IP-focused blockchain moves to slow new supply, tighten token economics and buy time to build network usage amid weak market sentiment.

PIP Labs CEO and Story Protocol Co-Founder SY Lee (Provided)

Finance

Story Protocol Developer Raises $80M Series B, Led by A16z, for Intellectual Property Chain

"We’re focused on solving a real problem that impacts the creative industry, not just creating another technical tweak," PIP Labs CEO SY Lee says.

PIP Labs CEO and Story Protocol Co-Founder SY Lee (Provided)

Tech

Story Protocol Works With Crypto-AI Firm Ritual To Train and Track Models On-Chain

Story Protocol will be used to "prove that outputs like text, image, and voice are generated by specific models" so that IP can be tracked, attributed, and compensated correctly.

(Growtika/Unsplash)

Web3

Pudgy Penguins NFT Project, Once Endangered, Proves Web3 Turnaround Is Possible

After Pudgy Toys debuted on Amazon on May 18, the floor price of the cute NFT project shot up over 6 ETH. Now, with the launch of Pudgy World and the addition of the collection to the NFT lending platform Blend, it is continuing to build momentum.

Customizing a Pudgy (pudgyworld.com)

Web3

Yuga Labs Reaches Settlement in Bored Ape NFTs Trademark Lawsuit

The suit involved the developer of websites and a smart contract to sell “misleading” RR/BAYC NFTs. There are separate ongoing cases regarding Ryder Ripps' use of Bored Apes' imagery.

Bored Ape (Yuga Labs)

Videos

These Story DAO Co-Creators Are Aiming to Decentralize Hollywood

Story DAO aims to grow intellectual property (IP) universes that are owned by fans. Story DAO co-creators J.P. Alanís and Justin Alanís join "The Hash" live from I.D.E.A.S. 2022 in New York City to discuss their quest to recreate Hollywood through community-owned IPs, the challenges of crypto winter and the importance of removing intermediaries.

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Layer 2

StoryDAO and the Quest to Recreate Hollywood

Justin and J.P. Alanís are launching their first IP universe later this year. In 10 years, they believe “the next Star Wars, the next Pokémon will be community-owned.”

Justin Alanis

Finance

Most NFT Projects ‘Convey No Actual Ownership’: Galaxy Digital Research

NFTs giving token holders total ownership rights is an ambitious idea, one that's “a long way off,” Alex Thorn, head of research at Galaxy Digital, said on CoinDesk TV’s “First Mover.”

Alex Thorn, head of research at Galaxy Digital, speaks at Consensus 2022. (Shutterstock/CoinDesk)

Videos

Yuga Labs Releases IP Rights For CryptoPunks, Meebits Collections

Yuga Labs, the company behind the Bored Ape Yacht Club, released the intellectual property (IP) rights for the CryptoPunks and Meebits non-fungible token (NFT) collections it bought earlier this year. Owners of CryptoPunks and Meebits are now allowed to use their characters in commercial or personal projects. "The Hash" hosts discuss what this means for the future of digital ownership.

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