Grayscale launches Story Trust to offer exposure to IP token
Quick Take Grayscale has launched a new single-asset trust offering exposure to IP, the native token of the intellectual property protocol Story. The IP token, launched in February, is trading around $6.4 with a market cap of roughly $2 billion.
Grayscale has launched a new single-asset investment trust that gives accredited investors exposure to IP, the native token of Story — a Layer 1 blockchain focused on tokenizing intellectual property.
The Grayscale Story Trust, now open for daily subscription, holds only the IP token and is structured like the firm’s other single-asset trusts. It is aimed at institutional and individual accredited investors seeking exposure to the Story ecosystem, which is designed to bring licensing, attribution, and royalty flows for digital content and real-world data onto the blockchain.
Story was launched to address the challenges artificial intelligence poses for creators. While AI makes content generation easier, the project argues it also accelerates IP theft, with tech platforms profiting from creative work without proper attribution or permission. This could discourage new content creation, which in turn threatens the quality of data that future AI systems depend on.
At the core of Story’s design is a system that turns intellectual property into NFTs with built-in licensing and attribution logic based on IP law. This allows creators, companies, and even AI agents to register, remix, and monetize content in a compliant way.
"Today, adoption of Story is accelerating," Grayscale said. "With over 1.7 million intellectual property transactions and more than 200,000 monthly users, Story is demonstrating growing demand for infrastructure that treats intellectual property as a programmable, onchain primitive."
The Story protocol is backed by prominent investors including a16z crypto, Samsung Next, and Polychain Capital. Its core developer, Programmable IP (PIP) Labs, has raised $140 million in total funding .
The IP token, which launched in February, is currently trading at around $6.4, up about 125% in the past month, according to The Block's IP price page. IP has a market capitalization of around $2 billion and a fully diluted valuation of about $6.5 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Abandon 4F², mass production of HBM4, G11 NAND speed up... Micron (MU.US) unveils roadmap at technology seminar, JPMorgan maintains "Overweight" rating
JPMorgan's latest research report points out that Micron Technology detailed its latest technological innovations and long-term plans for its three core product lines—DRAM, HBM, and NAND—at the Investor Technology Webinar held on October 21.
SI business accelerates outbreak and consolidates growth trend! UBS raises target for SpaceX (SPCX.US) to $230
UBS believes that SpaceX continues to meet the market's high expectations for the company, and this trend is expected to continue. UBS gives SpaceX a "Buy" rating with a 12-month price target of $230.
Elon Musk publicly supports the merger of SpaceX (SPCX.US) and Tesla (TSLA.US); insiders worry negotiations might change.
This week, Musk publicly expressed support for a potential merger between SpaceX and Tesla, but this statement has made insiders involved in the discussion uneasy. They worry that such remarks may invite scrutiny from shareholders and delay the transaction process for several weeks.
Crypto prices
More
