Story Protocol (IP) Price

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About Story Protocol (IP)

IP is the scarce and invaluable asset of today's intelligence economy. Story is a purpose-built Layer 1 blockchain that tokenizes intellectual property into a programmable store of value in an AI-driven world.

IP is the native asset that AI is trained on (datasets) and the native asset that AI produces (creative, scientific, and intellectual works). On Story, agents can seamlessly trade and monetize their IP for the first time. Agents can monetize their creative outputs or purchase training data to autonomously upgrade their capabilities.

The current modality of agent-to-human interaction is a local optimum on the path to a full autonomy - i.e. a degree of autonomy where human input and intervention is optional. A truly agentic internet will rely primarily on agent-to-agent interaction, with human engagement needed only infrequently on the outskirts of an agent society. The fabric of this agent society is a framework for agent-to-agent transactions around knowledge and creative assets, or IP. 

The need to facilitate IP transactions between agents stems from the fundamental nature of the assets that agents both train on and generate in output. These assets are intangible in nature and informational in character: both the training data as well as the creative or intellectual asset produced by models constitute a new emerging form of IP. Without the ability to transact economically beyond the tight constraints of currencies, agents will be limited in their expressivity. Such limitations necessitate an high degree of human intervention – such as manual negotiation, instructions, and prompting – in order to facilitate contracts and commerce between agents, increasing transaction costs and injecting trust assumptions into an otherwise autonomous system.