Story Protocol, which was launched just over a week ago, joins Top 10 AI projects per market capitalization and surpasses the virtual protocol.
Story Protocol (IP) is currently being traded for $ 5.23, an increase of 55% in the last 24 hours and 186% in the past week, with a market capitalization of more than $ 1.2 billion. This makes it one of the top 10 AI projects per market capitalization, according to the virtual protocol, according to Coentecko.
The price shot comes after the platform shared More details about the technical route map on Thursday. According to the route map, the network is planning to roll out the public beta for its IP portal and decentralized Oracle Network in Q2.
It also follows a series of recent mentions at large fairs, including crypto.com, Mexc And Kucin.
Story Protocol officially launched his public main network just over a week ago, after a test network phase of six months. In addition to its mainnet launch, Story Protocol carried out its first unlocking event, in which 25% of the initial 1 billion IP tokens were released, with 58.4% allocated to the ecosystem and the community, the foundation and initial stimuli.
Developed by PIP Labs, Story Protocol (IP) is a layer of 1 blockchain aimed at revolutionizing intellectual real estate management. To this end, it offers makers the possibility to register their intellectual property as “IP activa” on the blockchain, so that they can set up programmable terms of use and earn their content directly without trusting intermediaries.
Native token of the platform, ‘IP’, announced on 7 February, is used for transaction costs and management votes. The project had a strong presale and ensured $ 80 million in a series B finance round led by Andreessen Horowitz (A16Z), which brought the total financing to $ 140 million.
