Pip Labs Raises $80m From A16z And Polychain To Develop Story, A Blockchain For Intellectual Property

A.I. expert Seung Yoon Lee has caught the attention of venture capital firm Andreessen Horowitz, who has led three rounds of investment in his company PIP Labs, which is developing a blockchain for storing and tracking intellectual property. Other investors in the Series B raise include Polychain Capital and NFT collector Cozomo de’ Medici. The $80 million round is the second raise in less than a year for PIP Labs, which is rebranding its blockchain as Story.