Ethereum's Shakeup
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- ✌️ The Ethereum Foundation's Exec Director Steps Down. Aya Miyaguchi is moving into the role of President following months of community backlash.
- 📲 FTT Pumps After SBF Tweets from Prison. Sam Bankman-Fried is back to tweet threading on X.
- 💰 Crypto ETF Issuer Bitwise Raises $70M. Electric Capital, MassMutual, and Haun Ventures back Bitwise Asset Management in the new round.
| Prices as of 5pm ET | 24hr | 7d |
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Crypto $2.91T | ↘ 4.9% | ↘ 7.0% |
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BTC $88,769 | ↘ 5.1% | ↘ 6.9% |
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ETH $2,507 | ↘ 3.0% | ↘ 5.9% |
Outside of a totally permissionless financial system, a compelling vision of crypto has always been building the next iteration of the internet, particularly for creatives.
Through infrastructure like NFTs, crypto has introduced new ways for artists and creators to establish ownership over digital intellectual property (IP), enabling them to monetize or reformat their work in a more durable, transparent medium. While these innovations represent steps in the right direction, they remain crude and simple, offering only new ways to earn or store digital work but failing to address deeper structural issues.
Story Protocol proposes a blockchain solution. Their approach establishes a new system for internet-based IP, combining a registry to track ownership with a set of modules designed to facilitate licensing—effectively turning IP into a programmable asset class. By embedding ownership and licensing directly into smart contracts, Story Protocol enables creators and their collaborators — human or AI — to share, license, and expand upon work with minimal friction, bypassing the clumsy, ineffective systems in place.
In this article, we’ll see how Story approaches this challenge, examining levels of innovation in its technical architecture to get a sense of the feasibility of its goal 👇
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