Story, IP Blockchain Platform, and OKX Ventures have introduced a $10 million fund aimed toward driving startup development on the intersection of mental property (IP) and synthetic intelligence (AI). The initiative is designed to offer important capital, distribution channels and technical experience to early stage initiatives.
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As AI continues to evolve, the necessity to shield mental property has turn out to be extra urgent than ever. At present's AI fashions usually use a variety of artistic works, from fan fiction to chart topping albums with out correct approval or consent, leaving creator vulnerabilities. On the similar time, generative AI firms face challenges in sourcing skilled coaching knowledge, a essential element of growing superior AI merchandise.
The aim of Story is to deal with these points by making a programmable IP layer that converts mental property into on-chain property. This new framework permits builders and creators to successfully shield, license and monetize IP, selling a extra sustainable ecosystem the place each creators and AI methods can thrive.
Focusing on method to fundraising innovation
As of Could 20, 2025, the newly established fund priced at $IP will concentrate on help builders tackling actual points associated to IP and AI. Key areas of curiosity embody:
IP As Actual World Property: Unlock new income streams for rights holders in varied domains, together with growing fashions to finance startup IP, music, movie, patents and extra.
An progressive monetization mannequin: a framework that permits programmable possession and embeds attribution and licenses in IP.
AI and Knowledge Licensing: Assist infrastructure that helps distributed AI methods and purposes to acquire specialised coaching knowledge.
Programmable IP Utility: A platform that transforms tales and characters into tradeable property, enabling joint world constructing and group engagement.
Somewhat than adhering to a strict accelerator mannequin, the fund is co-managed by Story and OKX Ventures to make sure a joint method to challenge analysis and choice. Investments are selective and steady.
Imaginative and prescient for the long run
Jeff Ren, founding father of OKX Ventures, highlighted the selective nature of the fund, saying, “We aren’t making an attempt to fund 1000’s of initiatives. We’re on the lookout for the precise initiatives.” He expressed his enthusiasm for the story's mission to create the fundamental infrastructure of IP-native Web.
Added Andrea Muttoni, president of Story Basis.
“In an age the place AI-generated content material is considerable, encouraging originality is essential. The fund is devoted to supporting progressive founders who’re tackling these challenges head on.”
Andrea Muttoni, president of Story Basis
The startups chosen for fundraising profit from:
Entry to capital
Advertising and distribution help
Technical steering from the story workforce
Connecting with OKX groups from varied sectors
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Early stage innovators within the StoryX OKX Enterprise Fund are inspired to use and take part within the motion to reconstruct the way forward for the IP of the AI panorama.
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About Story Basis
Story is a blockchain designed to make mental property programmable. By changing an embedded proper IP right into a digital asset, tales can seamlessly shield, license, and monetize your work to creators and AI methods. As the inspiration of IP's evolution into Web-native asset lessons, Story promotes a extra equitable and sustainable artistic economic system. For extra data, see Story.Basis.
