Story Protocol | IP

19 ก.พ.

Why Story Protocol’s Programmable IP Is a Game Changer for Creators

Story Protocol has seen its price surge by over 25% in the last 24 hours, fueled by excitement surrounding the launch of its Layer1 mainnet. Backed by $135 million in funding from major investors like Andreessen Horowitz and Polychain Capital, Story was one of the most anticipated crypto projects of the year. The surge in price has driven its market cap past $600 million, though it briefly corrected. Whether it continues to rally toward new highs or faces resistance will depend on how traders respond to key support and resistance levels

A key indicator of Story’s momentum is the rapid increase in its Average Directional Index (ADX), which climbed from 25 to 50 in just one day. The ADX, which measures the strength of a trend, suggests that the current uptrend is gaining traction, making Story one of the top performing altcoins in the past 24 hours with an 25% price jump.

Story Protocol is a blockchain platform designed to revolutionize the management and monetization of intellectual property (IP) in the digital era. By enabling creators to tokenize their IP, Story makes it programmable and easily accessible, addressing the limitations of traditional IP frameworks that often stifle creativity and collaboration. The platform offers several key features, including an open IP repository that tracks creative works like text, images, and audio, enhancing attribution and licensing. its modular smart contract system supports a wide range of applications, from licensing agreements to collaborative projects, fostering a vibrant ecosystem for creators.

Story Protocol also bridges blockchain technology with traditional IP law, creating a seamless connection between legal frameworks and digital content management, which helps streamline rights and royalties in an increasingly digital world.

Story Protocol’s price is $2.48, with a circulating supply of 250 million coins and a maximum supply of 1 billion, Story Protocol is traded on 28 exchanges, with OKX being the most active. Its market cap sits at $625.30 million, its good candidate for binance spot and coinbase as well

If you check the early days of the listing, it was affected by paperhand airdrop holders. Now, it's trying to break the $ 2.50 resistance.

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