Chainfeeds Introduction:
Crypto Research 100y analyzed the Story Protocol's protocol architecture, ecological projects, and challenges. 100y believes that Story Protocol, as a key infrastructure to make the intellectual property industry more efficient and transparent, will accelerate the emergence of IP utopia.
Source:
https://mirror.xyz/100y.eth/t8UeIYSfrivqzQTV6ZMPYA9_3v-kgQCz97kaPBP2VSQ
Article author:
100y.eth 💜 | a41
Viewpoint:
100y.eth💜 | a41: Story Protocol aims to solve various problems with existing IP assets by tokenizing IP and incorporating it into the blockchain. There is a common misunderstanding on this point. Some people think that combining blockchain with intellectual property may solve real-world problems, such as the frequent problem of unauthorized use of intellectual property. As the scale of the artificial intelligence industry expands, people are increasingly suspicious of AI companies using data without permission. Since Story uses artificial intelligence as one of its main propaganda points, many people think that it can solve these problems. The fact is that Story cannot solve these problems. The problem of unauthorized use of IP is a real problem, and no matter how securely the IP is registered on the blockchain, if someone uses it maliciously without permission, the blockchain itself cannot enforce it. This is a problem for the law to solve. The Story Protocol also recognizes this reality - it is not a tool to prevent dystopia, but a protocol to accelerate utopia. Just as blockchain makes currency programmable and more efficient, Story also seeks to make IP programmable and expand its potential. Here are the benefits of using blockchain in Story Protocol:1) Borderless platform: Anyone in the world can easily mark their IP on Story Network, and registered IP can be effectively utilized and monetized globally;2) Smart contract enforcement of royalties: The protocol can enforce policies through code. By using smart contracts, Story ensures that royalties generated by IP usage are more transparent and fairly distributed than traditional systems;3) Easy to join: Story provides a legal framework and SDK that allows IP owners, creators, and developers to easily join;4) Scalability is no longer an issue: Since speed is not a major concern in the IP industry, the adoption of blockchain will not highlight the limitations of scalability, turning potential disadvantages into relative advantages. Future challenges:1) Token economics: If only $IP is used for staking and gas fees, its token economics will not be much different from other L1 networks. Value creation in Story Network comes from registering derivative IP and paying royalties. Therefore, providing $IP incentives to users who participate in these activities can greatly help the initial bootstrapping process and support long-term sustainability. 2) Introducing IP: The core of Story is to introduce core IP. If existing core IP joins, it will attract a large number of derivative IPs, create huge value, and generate a flywheel effect. 3) AI use cases: AI models that learn from data may require additional capabilities. For example, data used for training should not be made public until payment is received. 4) Legal and regulatory integration: Story cannot take any action against unauthorized IP use. Therefore, if malicious activity is detected, a complete legal dispute process should be established, both on-chain and in real life. [Original text in English]
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