Story Protocol Joins Top 10 AI Projects by Market Cap Amidst Price Surge

Market Performance and Roadmap

Story Protocol, which launched just over a week ago, has joined the top 10 AI projects by market cap, surpassing Virtual Protocol. The platform’s native token, IP, is currently trading at $5.23, up 55% in the past 24 hours and 186% in the past week, with a market cap of over $1.2 billion.

The price surge comes after the platform shared more details about its technical roadmap. According to the roadmap, the network plans to roll out the public beta for its IP Portal and decentralized oracle network in Q2. The roadmap also highlights the platform’s commitment to driving continuous improvements to L1 performance, reliability, and decentralization.

Key Features and Applications

Story Protocol is a Layer 1 blockchain aimed at revolutionizing intellectual property management. The platform offers creators the ability to register their intellectual property as “IP Assets” on the blockchain, allowing them to set programmable usage terms and directly monetize their content without relying on intermediaries.

The platform’s native token, IP, is used for transaction fees and governance voting. Some of the key features and applications of Story Protocol include:

  • IP Portal: A decentralized platform for creators to register and manage their intellectual property
  • Decentralized oracle network: A network of nodes that provide data and information to support the IP Portal
  • Programmable usage terms: Creators can set custom usage terms for their IP Assets, allowing for more control and flexibility
  • Direct monetization: Creators can directly monetize their content without relying on intermediaries

Recent Listings and Funding

Story Protocol has recently been listed on major exchanges, including crypto.com, MEXC, and KuCoin. The platform also conducted a successful presale, securing $80 million in a Series B funding round led by Andreessen Horowitz (a16z), bringing its total funding to $140 million.

“Our Technical Roadmap is Live! Story is committed to driving continuous improvements to L1 performance, reliability, and decentralization.”

As Story Protocol continues to grow and develop, it’s essential to stay up-to-date with the latest news and developments in the world of cryptocurrencies and finance. For more news and updates, visit Global Crypto News.

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