Research on the on-chain IP infrastructure Story Protocol

Author: sleepy.mid; Source: Author Twitter @sleepy0x13

I was shocked to see the news of @StoryProtocol's financing a few days ago. It is rare to complete two rounds of such large-scale financing in a bear market. In addition, @BlockBeatsAsia's positioning of "on-chain IP infrastructure" happens to be what I am very concerned about. , so I spent a little time doing a little research.

What problem does Story Protocol want to solve?

(1) The Internet can help creators distribute their works, but many of the benefits derived from IP do not flow back to the original creators. It is also troublesome for creators to do IP licensing business themselves;

(2) The Internet accelerates the spread and distribution of fan content, which further promotes the generation and dissemination of fan content. The development of AI further improves productivity. IP will inevitably be plagiarized and re-created on the Internet, but currently there is no system that can guarantee that creators While taking advantage of the rights and interests of the Internet;

(3) The existing system is defensive and is a system from the previous era. It has not kept up with development and has instead hindered the spread of IP today.

How to solve Story Protocol

Story Protocol, as a neutral third party, tracks the IP development path and provides composable modules, similar to Github.

(1) Make an IP database, which will record IP and derived links, and then split accounts after traceability.

(2) Make combinable components and IP copyright Lego to provide diversified functions. There are many things that can be extended here. For example, the official introduction mentioned the idea of combining IP and DeFi. Of course, the official also mentioned that many entrepreneurs need to work together to build projects and applications based on Story Protocol to build this system. stand up.

(3) On-chain to ensure authenticity, traceability, and openness.

In addition, the article also mentioned that it would be combined with actual laws, but it did not describe how to combine it.

Problems with Story Protocol

(1) Difficulty of adoption and popularization: Promoting new IP infrastructure requires time and effort, especially when it comes to moving from existing models to new ones. It may take some time for creators, businesses, and communities to adapt and adopt this new approach.

(2) Legal and regulatory issues: Combining intellectual property rights with blockchain may cause legal and regulatory issues. Different countries and regions have different legal frameworks for intellectual property, and complex compliance issues may need to be addressed.

What do I think about Story Protocol?

Content creators face fierce competition on the Internet, and only a small portion of their content actually makes money. Furthermore, existing intellectual property models and platforms may already be able to meet the needs of these creators.

However, what stood out to me was that the core concept proposed by Story Protocol and similar projects is to transfer intellectual property from traditional models to blockchain and distributed systems to better adapt to the needs of the Internet era. They try to solve some problems existing in the existing model, including the traceability, expansion, licensing and marketization of intellectual property rights.

Although only a small portion of content makes money, IP management is very important for content creators. For those creators with potential, Story Protocol may provide more tools and options to help them better manage and utilize their IP. Moreover, this model will also be very attractive to the community, allowing them to participate more actively in co-creation and create more vitality for the content.

Maybe Story Protocol won't see results soon, and I'm not sure it will succeed, but it at least provides an interesting solution to explore, which may provide new ideas and insights for the future of IP management and creative content. tool. At the same time, it can also inspire the emergence of other innovative projects, thus bringing more opportunities to the entire field.