$IP is Reshaping DeFi with Tokenization of Intellectual Property

in crypto •  23 hours ago 

I've been noticing more projects that blend creative fields with DeFi, and i even wrote a piece last year about ARTRADE which is a real-world asset project. I’ve been diving into the latest around RWA tokenization and AI’s role in DeFi, and stumbled on something that feels… different.

40654d3934e690ff85ae5213a5b49cb5.png

IP was trending yesterday on X and delving further, i could see it isn't the IP address as i thought but "Intellectual Property". it is a project by Story Protocol, a Layer 1 blockchain that lets creators register their work as ERC-721 tokens, making it compatible with Ethereum’s ecosystem.

If this does exactly as they said, then it would potentially make it easier for artists, developers, and other creators to monetize their work.

The native token, $IP, which is listing on tier 1 CEXs like Bitget MEXC and others, will be used as gas for transactions, and contributing to governance.

Has anyone else been following IP?

Curious to hear other opinions

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!