A new native token for a layer-1 blockchain focusing on intellectual property (IP) has seen a staggering 164% price increase in its first week.
Story (IP) was launched on February 13th at $2.26 and is currently trading at $5.98.
It has quickly become the 71st largest crypto asset by market cap, with a 120% surge in the last 24 hours.
Story offers a scalable intellectual property solution where rights holders can upload IP, set terms of use, and monetize it within the protocol’s ecosystem.
The project recently announced its partnership with Stanford University’s Future of Digital Currency Initiative (FDCI) to collaborate on blockchain research.
Story also shared its technical roadmap on social media, outlining a network upgrade in the third quarter to enhance performance and governance.
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