<Launching the World's IP Blockchain>
Today one of the leading market makers told me:
"SY, Story seems to be playing a radically different game from other crypto infra players like Monad and Berachain."
That person was almost daring me to consider whether I can be confident
Introducing Story Network, the World's IP Blockchain.
Story L1 enshrines the Proof of Creativity protocol, tokenizing a multi-trillion dollar asset class into Programmable IP legos
In the era of AI-powered creativity, Story is powering an IP legoland👇
One thing I notice after entering crypto from more traditional tech. Web2 founders typically dont get any liquidity for 8 - 10 years. Web3 founders and employees seem to have it within 3 - 5 years. One adverse consequence of this short-term liquidity in web3 is that talents who
<Narrative Discrepancy between CT vs Korean Whales>
I had a chance to have a three-hour meal with one of the most recognizable figures in Korea. Won't reveal which industry he is in. Can be a famous celeb or politician. He is a big name outside Korea too. He's in an industry
Introducing Story Protocol, the Programmable IP Layer.
Story Protocol transforms IPs into networks that transcend mediums and platforms, unleashing global creativity and liquidity.
@SmokeyTheBera
@terra_money
@anchor_protocol
Hello Smokey, my point is that the industry is not really focused on solving real problems but is over-allocating on solving small cyclic group of crypto-native use cases that are dying out, in both attention and utility. Nobody outside our circle cares. If we go to normies and
Had a chat with one of the smartest investors I know. Successful both in web2 and web3. He was early in BTC from 2013 and was early in Filecoin, Zcash, Luna, and etc. Someone called him the best "non-crypto crypto investor." With his killer investments across web2 and web3, he
<Launching the World's IP Blockchain>
Today one of the leading market makers told me:
"SY, Story seems to be playing a radically different game from other crypto infra players like Monad and Berachain."
That person was almost daring me to consider whether I can be confident
I am a HUGE admirer of what
@LucaNetz
has done for the industry. He is actually engaging in a positive sum game, not in a zero sum game, by driving huge mass adoption for web3. He is a real scrappy but visionary entrepreneur. It's been a huge inspiration having him as an adviser
Korea’s entire crypto exchange trading volume ($456B) is larger than global US dollar volume ($445B). However, the sad reality is that there is no global web3 project out of Korea unlike what you have seen with K-pop, K-drama, and etc. When will we see the rise of
So good to welcome my two biggest supporters, friends, and mentors
@simonkim_nft
(Founder of Hashed) and
@hitmanb
(Founder of HYBE behind the global sensation BTS) at the Story Protocol Launch Dinner with
@hashed_official
🙏 Also, backers of
@StoryProtocol
from Day 1🚀
(1/n) The biggest problem in AI is the attribution, provenance, and compensation to creators. Its' the intellectual property!
Today I shared Story's Programmable IP Layer in the age of generative AI at Convergence AI Summit by
@1kxnetwork
. Wanted to share for wider public. 🧵
Super humbled that
@StoryProtocol
is getting featured on the cover of
@Forbes
after
@meta
and Mark Zuckerberg yesterday. Although we are just starting off, we’ve been fortunate that
@forbes
was interested in my story of dedicating the last decade on tackling problems at the
Chapter One - Our CEO
@storysylee
rises to the Forbes cover.
Chapter Two calls for the creative misfits and innovators - the journey begins. It's time to transform systems, defy old rules. Are you ready?
Just bought the ticket to attend
@psy_oppa
’s SUMMERSWAG next month. Throw back to when I hosted him at the
@OxfordUnion
during the Gangnam Style craze in 2012.
Here’s the Youtube video address of me. You can see me younger me introducing him at the start.
Really enjoyed attending
@starlordyftw
’s
@0n1force
event last night. It was very encouraging to see someone so passionate about the intersection of storytelling and NFT. Cant wait to attend more events from
@0n1Force
team!
What an incredible feat for the
@StoryProtocol
team. 10% of the Eth Denver projects built on Story, and 20% of the Eth Denver General Hackathon winners came out of Story! Programmable IP is the next step for crypto after programmable money🚀
Really masterful response to
@JuhyukB
's question by addressing:
"1. Bitcoin/Ethereum vs Story, Programmatic vs Intersubjective Consensus
2. Money’s Intersubjectivity Problems vs IP’s Intersubjectivity Problems
3. Dispute Module and how it works"
I think you are a thoughtful
Just woke up, guess I don’t need a coffee!
I feel like you just wrote the pitch for Story by describing all these problems in IP.
First off, thanks for checking this out. I’m extremely grateful when people deep dive into our docs and point out questions or concerns they have.
We're cooking something very big and can confidently say it will be the hottest event venue + space during Frieze & Korea Blockchain Week:)
Please let me and
@0xNock
know if you're interested in partnering.
Anyone can feel the energy when you have a world-class team pulled together to work on arguably the most important problem facing the internet content economy in the age of generative AI - IP provenance, attribution, and compensation.
This is who you are trading against!
Worked in the
@StoryProtocol
office a bit today and I have to say, these are the working vibes you want to be in.
Especially when they have yummy Japanese snacks! 10/10.
Yesterday’s tweets by
@storysylee
might need a bit of... interpretation 😅
But one thing is clear: Story is doing things differently.
"So what real world problems are you solving?"
Co-founder
@jasonjzhao
breaks down our L1 Story Network in this explainer video👇
Congrats to
@simonkim_nft
@Hashed_HongPro
and other Hashed team members who worked incredibly hard for this partnership. Incredible to see the parntership between Korea's top venture firm and Abu Dahbi !
Story Ecosystem Map:
From IPFi, to AI, to consumer and social, grateful to the 200+ applications building on the World's ꧁IP꧂ blockchain with a market of 20 million+ IPs.
Tokenize the world's creativity on Story. Get Started👇
@SmokeyTheBera
@terra_money
@anchor_protocol
So what real world problems do you solve?
The industry really has to go beyond another defi circle jerk with some "novel" liquidity bootstrapping mechanics and infra masturbation with slight technical tweaks.
(17/n) IPs themselves have to become networks. As our lead investor
@cdixon
.eth says, “The killer app of the internet is networks. The web and email are networks. Social apps like Instagram and Twitter are networks. Marketplaces like Uber and Airbnb are networks.”
AI is artificial abundance.
Crypto is artificial scarcity.
Ironically, generative AI created circumstances where web3/crypto is needed more than ever especially with regard to content/IP/data provenance, monetization, and attribution.
<BUIDL Together: Highlighting Our Early Builders>
It is truly a special feeling when you're building for a common mission together with other dedicated builders, including those who had incredible exits (10M+ and $200M+ exits), those who are operating an app with millions of
Story L1 is the world's Creative Computer.
✅ Tokenize the multi-trillion dollar IP asset class, making IP liquid
✅ Transform content into IP legos w/ a monetization API, making IP programmable
✅ Track IP usage in AI & reward the original creators, making IP multiplayer
(30/n) I want to conclude by thanking our backers. Especially,
@cdixon
,
@sriramk
,
@carrawu
,
@eddylazzarin
at
@a16zcrypto
made the very first commitment when I was just by myself and helped me build an all-star co-founding team.
I love it when healthy debates happen:
1.
@JuhyukB
brought good thoughtful points that a lot of smart people when first trying to understand our blockchain/protocol/product, mainly pointing to the murkiness of the IP system + enforceability + dispute issues.
2.
@jasonjzhao
@jasonjzhao
Thanks for the response. Had me rethink about many points, especially where I dismiss efforts for innovation.
As a fan of many indie musicians and a creator myself I love seeing people paving ways for the small guy.
Just got the impression on how this could exactly work, but
I have been getting so many questions from so many crypto OGs on how we managed to get
@asiangirlintech
🔥 Very fortunate to have someone who rolls up the sleeves not only for Story but also for the broader mission of the industry🙏
So exciting to connect with fellow community builders helping devs
@BuildOnCircle
@asiangirlintech
is an absolute bright light in this industry. She does so much behind the scenes to help propel communities forward.
Looking forward to working closely in the months to come
In the end, we all want the same goal - web3/crypto mainstream adoption and proliferation of our values. I guess we agree to disagree on the way to get there.
@SmokeyTheBera
@terra_money
@anchor_protocol
Hello Smokey, my point is that the industry is not really focused on solving real problems but is over-allocating on solving small cyclic group of crypto-native use cases that are dying out, in both attention and utility. Nobody outside our circle cares. If we go to normies and
Excited to see the Story community taking root globally and infiltrating my home country🔥
@0xProfessorJo
has been relentless in educating people on latest web3 innovations and we are super excited that he launched a Korean telegram channel for Story. Link to the group below
I really love that these sorts of debates are happening. You can imagine such discussion happening around defi, but not IP.
The world is IP.
Intellectual property is the world’s biggest asset class, and it’s not only Hollywood movies and billboard charts: IP means AI models,
The vision behind the World's IP Blockchain.
My keynote at the Programmable IP Summit on:
- Why we're applying Medieval solutions to godlike tech
- 3 critical market failures around IP
- How to turn the internet into a composable IP legoland
Fantastic explainer by
@BanklessHQ
🙏 on “What real problems do you solve?”:
“The answers to these questions remain to be seen, but Story Network is diving in here in unprecedented fashion and looking to revolutionize the future of digital IP through the cryptoeconomy. As the
IP remains stuck in an outdated legal system that makes it difficult to license, monetize, & trade effectively
That's where
@StoryProtocol
comes in -- a new blockchain that aims to transform IP into liquid, programmable, & ownable digital assets
A 101 Explainer👇
Thanks for the balanced coverage of both sides. This is just a beginning. We will showcase “real” use cases and solutions one by one in the near future. Hope you guys can cover that too.
: : [Opinion] Can Story Truly Revolutionize the Existing IP Market?
Opinion by
@Jaylovespotato
&
@Steve_4P
(Full Text)
1. Background
On July 10, 2024, with the announcement of Story's Layer 1, CEO
@storysylee
addressed the "problems" that highly anticipated projects like
논란의 "정리"라고 되어있지만, Despread와
@JuhyukB
의견만 엄청 500자 가까이 정리(?)되어 있고, 스토리팀을 대표하고 있는 공동창업자
@jasonjzhao
은 글은 "4. 그 외 읽어볼 주장들"이라고 써있다. 전혀 정리가 되어 있지하고, 링크만 복붙했다. EthCC에서 현재도 아침 이벤트를 정리하느라
요즘 핫한 스토리 프로토콜 논란 정리
@StoryProtocol
이란?
IP 문제를 해결하기 위한 레이어1 블록체인으로 a16z, Hashed, Balaji Srinivasan(전 코인베이스 CTO), 방시혁 하이브 의장, 크래프톤 김창한 CEO에게 투자 받은 프로젝트입니다. 국내에서는 업비트와 관련있는 기업인 하이브, 크래프톤,
Created a database of the top builders & investors in AI x Crypto.
Sharing this as a public resource to connect those interested in the space. Let me know if I'm missing anyone! Link in bio.
(h/t to
@whattheljw
, our Researcher in Residence, for help compiling)
Quite literally, my entire timeline is
@StoryProtocol
launch content. Insanely impressive stuff.
I'm very aligned with what
@jasonjzhao
&
@storysylee
are saying about trying to solve real-world problems. Best of luck, gents; the space needs more pioneers like you! 🫡
: : [Opinion] Can Story Truly Revolutionize the Existing IP Market?
Opinion by
@Jaylovespotato
&
@Steve_4P
(Full Text)
1. Background
On July 10, 2024, with the announcement of Story's Layer 1, CEO
@storysylee
addressed the "problems" that highly anticipated projects like
So great to work with Allen, who built the world’s largest social network of writers and readers. We were once competitors and exited around the same time. Its a huge pleasure working together like this. Been always been an admirer of the bottoms-up community and amazing network
Earlier today,
@twosmallfishvc
announced our follow-on investment in
@StoryProtocol
. TLDR - Story Protocol is “Git for creative IP.” We first invested in late 2022 and doubled down in this
@a16z
led round. The company has raised over US$54M.
Hot take by
@jasonjzhao
!
On a more broad level, study what Warren Buffet and Charlie Munger said about the airline business. It is great and gives great utility for the world but is a terrible business in and of itself with a terrible margin. OpenAI vs Claude vs Gemini will
What is the future of consumer AI? Sharing my experiences from DeepMind:
A different model paradigm beyond may be needed to address what
@DavidCahn6
at Sequoia has powerfully called AI's $600B Question: the $600B (and growing!) gap between infrastructure buildout and consumer
STORY IS HIRING
We're growing our world-class team across engineering, marketing, BD, and product.
Our vision is to transform the way that creativity grows and monetizes in the age of AI.
This the most fast-paced team you can join. Everyone, by virtue of both necessity and
Humans are storytelling animals. We know how to tell fiction and how to rally other humans around fiction. That is the biggest competitive advantage of the human race, says Harari. Good guest post on
@BanklessHQ
on the basis of
@harari_yuval
's notion.
"But why is all this
Thankful for the founders who've entrusted us as their partners past 4 years
Excited to continue to work with
@hashed_official
as a General Partner in building a platform that will live on for centuries.
0/
CEO/Co-Founder Spotlight: S.Y. (Seung Yoon) Lee
@storysylee
Prev: CEO/Co-Founder of Radish, a mobile serialized fiction app, sold to Kakao for $440M
Education: BA in Philosophy, Politics & Economics
@UniofOxford
Fun Fact: Was First East Asian President of
@OxfordUnion
and
Memes are the most internet-native form of IP. Its essence is viral propagation through replication and remixing. The man who invented the word wrote on this 50 years ago.
"When you plant a fertile meme in my mind you literally parasitize my brain, turning it into a vehicle for
Thrilled that
@StoryProtocol
is partnering with
@myshell_ai
to empower their community of 1M+ users
The Cambrian explosion we're seeing from generative AI has only just begun. MyShell has been at the forefront of this and understands the need for Programmable IP
Announcing our partnership with
@myshell_ai
Story Protocol will empower over 1M AI creators on MyShell via Programmable IP
MyShell model & app creators can:
📑 Register their AI models as IP on-chain
💰 Set usage/monetization terms for model licensing
🗃️ Track model outputs
The biggest elephant in the room for AI is IP:
- How do you compensate all the IPs that are being inputted to create a new IP?
- Is copyright the right model for IP compensation in the age of generative AI?
- Is an AI model an IP? Is an AI chatbot an IP? Is prompt an IP?
Crypto grants IP sovereignty and liquidity, while AI liberates individual creativity.
At MyShell, we're excited to see the Programmable IP Layer advancing the synergy between crypto and AI.
Thrilled for the journey ahead with
@StoryProtocol
!
(5/n) We supported fantastic journalists like
@peterjukes
who crowdfunded his continued expose of
@rupertmurdoch
and his lieutenants and had fun going through extensive security checks to meet, interview, and deliver lamb kebab for
@JulianAssange_
at the Ecuadorian Embassy.
- First-time founders: spend all their time chiselling their products
- Second-time founders: obsess with securing the right distribution
- Third-time founders: focus on meaning, purpose, and vision
Of course, if you are talented like Zuckerberg or Gates, you don’t even need
.
@StoryProtocol
is announcing our partnership with
@ritualnet
to build the Programmable IP layer for AI models
This will unlock the rails needed for provenance, monetization and attribution of IP in the age of AI
More on this 🧵
Announcing our partnership with
@ritualnet
We are bringing crypto and AI together. AI models on Ritual can be registered seamlessly as IP Assets on Story Protocol
Programmable IP 🤝 AI
Learn more below 🧵
One of the highlights of the Programmable IP Summit was profound insights from
@ClaireSilver12
, delivered via her avatar, on the future of AI, IP and Creativity - moderated by
@JennSanasie
"If influence is theft, then all artists are thieves"
Stay tuned for the full interview
Open source on steroids is crypto. Story ushers in the era of open-source IPs but make sure the creators/owners of IP share the upside of open-source innovations with its programmable IP layer.
Closed source has value capture, but no open innovation
Open source has open innovation, but no value capture
Crypto is open source innovation with value capture built in
Love this healthy discussion between our protocol lead dev
@jwpark02
and Sui maxis. It is also refreshing to see them be open-minded enough to dispel their initial skepticism once we give fair answers! Please ask me and our team more questions.
@josemvcerqueira
@iamknownasfesal
@storysylee
@SuiNetwork
The alternative is running an adjacent system outside L1 to provide these features, which will strictly be less decentralized than the L1 itself. By making these features native to L1 (validators), we can have sufficient decentralization, guaranteed execution, and less system to
Amen. Lets realize the future of frictionless peer-to-peer, composable IP ecosystem. Crypto will have as tremendous impact on the world of IP as it will on that of finance.
@BenEnowitz
, Ari Emmanuel, Ryan
Draizin, and the team at
@Endeavor
have been a huge help from day one and were incredible at helping us navigate the creative landscape as a web3 protocol in stealth. Forrtunate to have them on board. In fact, one of the earliest to commit to us.
: : [오피니언] Story 는 과연 기존 IP 시장을 혁신할 수 있을까?
Opinion by
@jaylovespotato
&
@Steve_4P
(본문)
2024년 7월 10일, 스토리 프로토콜의 레이어1 발표와 함께, 스토리의 이승윤 대표가 현재 업계에서 가장 큰 주목을 받고있는 모나드(Monad) 베라체인(Berachain) 그리고 그 외의 웹3
@KEMOS4BE
@StoryProtocol
Good question!
- Improved graph traversing for efficient IP graph search
- Future validator-enshrined L1 tech like native oracles for NFTs and offchain RWA IPs (Cosmos SDK vote extensions)
- Max composability by having license data onchain, allows for 10s of IPs to remix at once
(18/n) I envisioned a model where IPs became a network of fans and creators - evangelizing and contributing to the growth of the IP with skin in the game. Your audience brings the best ideas to improve your IP. Even the distribution and capital to bootstrap your IP.
@0xkydo
I like
@matthuang
@FEhrsam
too:)
However, one thing stuck to me when I was speaking to a complete web3 outsider but has been observing the industry from far. He is a very big figure in the music industry. He said there are always missionaries and mercenaries, but the stark
Actually, it’s my birthday today, time to do the drop. As promised, this is a big announcement.
I have joined
@StoryProtocol
as the Infra Partnership Lead. I am still very bullish on FLock, for sure. But to me, Story is very different. Before getting into the details, I want to
Fantastic explanation by
@profjoeyg
!
핵심은 AIGC를 생성하는 input의 compensation, attribution, and provenance입니다.
"이런 관점에서 블록체인 기술의 활용은 AI 콘텐츠 저작권 문제를 해결하는데 중요한 역할을 할 수 있습니다. 결국 원본 콘텐츠의 주인을 명확하게 하고, 그에게 합당한
<AI 기술이 없다면, 우리는 돈을 어떻게 벌 수 있을까>
생성형 AI 기술이 급속도로 발전하면서, 단순한 텍스트부터 그림, 음악, 영상에 이르기까지 다양한 콘텐츠를 손쉽게 생성할 수 있는 시대가 도래했습니다. 몇 가지 단어를 입력하는 것만으로도 기존의 저작물을 쉽게 변형시키거나, 심지어는
Very excited about this session with
@skominers
and
@jasonjzhao
! Super thankful for
@a16zcrypto
for connecting us. He has been one of the most inspirational advisers along this channel and is the perfect person to moderate this panel of introducing
@StoryProtocol
as the
What is Programmable IP and why does it matter?
Find out from our co-founders
@storysylee
and
@jasonjzhao
in a special X Space, hosted by the brilliant
@skominers
📅 THU Feb 22
⏰ 6pm PST
You've been a huge inspiration for our project. Your true pioneering work at
@dapperlabs
gave me the confidence that web3 has so much to offer for the world of IPs and mainstream audience. Thank you again for your backing and precious advice so far
@roham
!
Love to see a new wave of builders using crypto for real-world applications that make the web better for everyone
Congrats
@storysylee
and team on an awesome launch! Proud to support you at every step
(2/n) Media industry is always the most visibly impacted by technology. I’ve dedicated the last decade of my life to fixing business models of journalism and media.
(8/n) It took several years to get learnings around producing hit IPs. Like many startups, it was an overnight success on the 2,000th night. Fortunately, we achieved significant growth and got acquired by Kakao.
Memes are the most internet-native form of IPs, constantly being remixed and recombined. We will soon power memes with our programmable IP layer. Imagine having that programmable IP graph for the viral meme you started or participated in🔥🔥🔥🔥
1. Printing press = first-ever content abundance = copyright law as an IP layer
2. Generative AI = content abundance on steroids = smart-contract-driven + blockchain-powered Programmable IP layer as a new IP infrastructure to inject scarcity, provenance, attribution, and value
AI boosts content creation speed,
Crypto shapes the on-chain economy,
Programmable IP unites both realms.
Enter the new era of the creator economy with
@StoryProtocol
!
(7/n) Later, I pivoted to Radish, focusing on mobile serial fiction, helping storytellers produce lean IPs, gain insights on every chapter, and monetize through micropayments. We became a serialized content platform on steroids with some top IPs updating multiple times daily.
(3/n) Below is my journey from journalism platform
@Byline_Media
and serialized fiction app
@radish_fiction
to
@StoryProtocol
+ why
@StoryProtocol
’s infrastructure that turns IP into a “network” can offer solutions to the structural challenges facing the content and IP industry.
(19/n) That is why I started
@StoryProtocol
, and web3 finally gives all the tools to assign ownership to network participants like fans and contributors at scale.
@0xkydo
I like
@matthuang
@FEhrsam
too:)
However, one thing stuck to me when I was speaking to a complete web3 outsider but has been observing the industry from far. He is a very big figure in the music industry. He said there are always missionaries and mercenaries, but the stark
25% of the Worldcoin circulating supply being concentrated on one Korean exchange is wild.
I wrote about this already, but it was very shocking to me when I learned about this about this notable figure in Korea, and now the data seems to back it up.
Dropping my most extensive research piece on Worldcoin to date. With insider unlocks just 8 days away, I encourage you all to give it a read and stay informed.
(6/n) Declaring a solution for journalism industry right out of college I admit was a little ambitious and too early. But it was still very rewarding to get some shoutouts for
@Byline_Media
from my heroes like
@sirharryevans
,
@hughlaurie
, and
@HackedOffHugh
.
(1/5) 2.5M creators can collaborate, create, protect and monetize their art like never before. Programmable IP on
@Magma_com
opens the next chapter of creativity 🚀
Studios using Magma have worked with Disney, Lucasfilm & major Hollywood publishers. Their platform is incredible
We’re thrilled to announce our partnership with
@StoryProtocol
, the Programmable Intellectual Property (IP) Layer.
This means artists using Magma will be able to:
⛓️ Register their art on-chain
🌐 Protect, monetize & grow their IP
📑 Set transparent usage & royalty terms
Cant imagine embarking on this journey without
@sriramk
who made the commitment when I was all by myself with just a vision.
@sriramk
and the team at a16z have been indispensable in building this superstar team and gave strategic advice and hands-on help on every single aspect of
Couldn't make it to our Fireside Chat with
@storysylee
&
@roham
? We've got you covered!
⛓️ Programmable IP and our first design partners
🌊
@flow_blockchain
's ecosystem growth (& more!)
❓ Attendee Q&As
👇 Full session below 👇
Generative AI -> Programmable IP layer
- 150 years: time it took for photography to reach 15 billion images
- 1.5 years: time it took for AI-created images to reach 15 billion images
- Exponential speed of content creation demands a programmable IP layer where each atoms of
This exponentially increases the discovery problem for content creators. They will soon be competing with hundreds of millions of content every day. You either need an insane $$$ of marketing budget or algorithmic miracle to get your content discovered.
(4/n) In 2014, I started Byline, a pre-Substack journalism platform. It aimed to utilize Patreon and Kickstarter-style crowdfunding to support journalism - an industry whose ad-driven business model was devoured by giants like Google and Facebook.