According to PANews news on September 6, according to Businesswire, the on-chain intellectual property agreement Story Protocol announced the completion of a $25 million Series A round of financing, led by a16z crypto. Since then, the cumulative financing amount of Story Protocol has exceeded $54 million. The official disclosure of the two rounds of financing (plus the seed round of financing in May this year) includes: Hashed, Endeavor, Samsung Next, dao5, Insignia Venture Partners, Alliance DAO, Foresight Ventures, Mirana Ventures, Paris Hilton's 11:11 Media, Wattpad co-founders Allen and Eva Lau's Two Small Fish Ventures, and a16z former general partner Balaji Srinivasan, TPG Capital founder and chairman David Bonderman, Dapper Labs founder and CEO Roham Gharegozlou, HYBE/BTS founder People and Chairman Si-hyuk Bang, Krafton/PUBG CEO CH Kim, Black Label CEO Kyung In Jung, SLVC's David Lee, Naver Former CEO Sanghun Kim, Tapas Founder Chang Kim, Investor Nicolas Berggruen , entrepreneur Charlie Songhurst, etc.
It is reported that Story Protocol has been officially launched and is building an open intellectual property infrastructure to promote the development of creativity in the Internet era. The app built on the Story Protocol is designed for creators of all media (prose, images, games, audio, etc.), enabling writers and artists to track the provenance of their work, allowing anyone to contribute and remix, while capturing the value of its contribution.
According to previous news in May, Story Protocol completed a $29.3 million seed round of financing led by A16z Crypto.