Story Protocol Mainnet Goes Live: Bringing IP On-Chain

Brady
Protocol Marketing Manager
Published
February 13, 2025

Figment has been actively engaged with Story Protocol’s testnet environment, and we’re excited to continue providing institutional-grade validation as Story launches on mainnet.

Are you an institution with an interest in staking Story ($IP)? Connect with our team today.

What is Story Protocol?

Story Protocol is an EVM-compatible Layer 1 blockchain specifically designed to bring intellectual property management on-chain. At its core is the innovative Proof-of-Creativity protocol – a suite of smart contracts that enables creators to register, license, and monetize their IP in a decentralized way.

The protocol consists of three key components:

• IP Assets: On-chain NFTs representing intellectual property, tracked in a Global IP Registry
• Licensing Module: Creates legally-enforceable frameworks for IP usage and revenue sharing
• Royalty Module: Manages automated revenue distribution across derivative works

Why Story Protocol Matters

The global intellectual property market represents trillions in value, but creators struggle with fragmented legal systems and complex revenue sharing. Story Protocol solves this by:

• Providing automated, trustless revenue sharing
• Enabling permissionless but compliant IP licensing
• Creating composable primitives for IP monetization
• Supporting legitimate AI model training and attribution

Figment’s Involvement

At Figment, we’re proud to be among the first institutional validators supporting Story Protocol’s mainnet launch. Our battle-tested infrastructure and dedicated protocol specialists ensure enterprise-grade validation services with industry-leading uptime.

Through comprehensive monitoring, real-time analytics, and expert protocol support, we’re committed to maintaining the highest standards of network security and decentralization. Our early involvement with Story Protocol demonstrates our belief in their mission to revolutionize IP management and our dedication to supporting innovative Layer 1 solutions.

Get Started

Ready to participate in Story Protocol’s groundbreaking approach to on-chain IP management? Figment offers institutional-grade staking services from day one of mainnet launch.

Our team will work with you to walk through the network’s tokenomics and reward structure, and help you begin earning rewards. Schedule a call with our team today.

About Figment

Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 1500 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets.

The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax or investment advice. Figment undertakes no obligation to update the information herein.