Story Raises $80m For Blockchain-based Ip Network To Address Creative Ownership In The Ai Era

PIP Labs, the core contributor to Story Protocol, has raised $80 million in funding to develop a blockchain network for tracking intellectual property. The rise of artificial intelligence has made IP more valuable, as it serves as the input for large language and image generating AI models. However, there are concerns about big tech stealing IP without consent and capturing all the profit. The CEO of PIP Labs argues that creators should be incentivized and compensated for their work in AI models.