Coinbase has rolled out trade support for the brand new native symbol for a warehouse-1 blockchain focusing on intangible property (IP).
The scalable story of intangible property launched its public main network on Thursday and aims to serve as a blockchain where rights holders can upload IP, set the terms of use and make money on it throughout the protocol’s application’s ecosystem.
Explains the history Launch messageThe
“AI (artificial intelligence) undermines IP that we know. The traditional IP system can no longer keep up with the speed and scale for generative AI. Centralized intermediaries make exchange, licensing and money on IP inexpensive expensive. IP owners see their works used in AI models without attribution or compensation, and even AI companies themselves cannot possibly make millions of individual license agreements.
AI and IP are locked up in a zero -sum struggle, which makes the market for ideas both illegible and illicable.
The story proposes a whole new framework for intangible property, one that creates an open and programmable market for IP. Story is a peer-to-peer intangible real estate network that is specially built to turn IP into a programmable asset class, which enables a stateless exchange, ownership and revenue generation over AI and the wider internet. “
The project’s native Bargain Token is traded at $ 2.08 in writing and is down more than 18% on their first trade day. It is already the 158th ranked crypto asset with market cap.
Coinbase is addition The “experimental” label to IP, which the platform uses for symbols that constitute certain risks such as price fluctuations and interrupted orders due to lower trade volume and accessibility.
Generated Picture: Midjourney
