Alisa Davidson
Published: December 20, 2024 at 9:00 am Updated: December 20, 2024 at 5:43 am
Edited and fact-checked:
December 20, 2024 at 9:00 am
In Brief
Foresight Ventures has released a new research report on Story, exploring how it facilitates trustless intellectual property management by enabling automated licensing and adaptive royalty mechanisms.
Venture capital firm specializing in Web3 and blockchain technologies, Foresight Ventures, announced that it has released a new research report on Story, emphasizing its role in creating a decentralized ecosystem for managing intellectual property (IP). The report explores how Story facilitates trustless IP management through blockchain technology, enabling automated licensing and adaptive royalty mechanisms. By integrating AI-driven tools, the protocol aims to revolutionize digital creativity and collaboration, paving the way for a more efficient and transparent IP economy.
“Story is more than a blockchain; it’s an operating system for decentralized creativity,” stated Maggie Wu, Research Lead at Foresight Ventures, in a written statement. “Its ability to empower creators with scalable, automated, and transparent IP tools represents a paradigm shift in how intellectual property is viewed and managed on a global scale,” she added.
Story has unveiled the Agent Transaction Control Protocol for Intellectual Property (ATCP/IP), a new framework designed to facilitate the efficient and autonomous exchange of intellectual property on the blockchain. This system incorporates features such as programmable licensing terms, automated royalty distribution, and built-in dispute resolution, offering a scalable and trustless infrastructure tailored for creators and innovators.
The framework’s integration with the advancing AI ecosystem is a notable focus of recent research. Through ATCP/IP, AI agents can independently manage, license, and trade datasets, outputs, and algorithms. This capability fosters collaboration and drives innovation, enabling seamless interaction between blockchain technology and AI on an unprecedented scale.
“AI and blockchain are converging to redefine how we manage and exchange value,” said Forest Bai, Co-founder of Foresight Ventures, in a written statement. “Story distinguishes itself by creating a seamless marketplace for intellectual property, empowering creators, and driving sustainable innovation through trustless systems,” he added.
Story’s utility goes beyond intellectual property, addressing a wide range of market demands. By accommodating tokenized real-world assets such as Bored Ape Yacht Club and facilitating royalty-based financial derivatives, the platform offers a modular framework that serves both creators and enterprises. Its integration with AI enhances scalability, fostering the growth of decentralized knowledge-driven economies and unlocking new possibilities for collaboration and innovation.
Foresight Ventures: Empowering Blockchain And Web3 Innovation
Foresight Ventures is among the leading cryptocurrency venture capital firms uniquely positioned to bridge the gap between the East and West. With a research-focused approach and offices in both the US and Singapore, the firm stands as a notable player in cryptocurrency investment and incubation.
Recently, it has announced a multimillion-dollar strategic investment in Aptos, a Layer 1 blockchain. The funding will be used to accelerate the development of Aptos’ products, boost liquidity, and support the growth of its scalable and upgradeable blockchain infrastructure.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
