The brand-new native token of a layer-1 blockchain targeted on mental property (IP) has skyrocketed by 164% in worth in its first week of existence.
Story (IP) launched on February thirteenth on the itemizing worth of $2.26 and is now buying and selling at $5.98 at time of writing.
It’s already the 71st-largest crypto asset by market cap and has surged by almost 120% prior to now 24 hours alone.
Story is a scalable mental property resolution that goals to function a blockchain the place rights holders can add IP, set the phrases of use and monetize it all through the protocol’s utility ecosystem.
The undertaking introduced on Monday that it was becoming a member of Stanford College’s Way forward for Digital Foreign money Initiative (FDCI).
“Our engineering group might be helping Stanford FDCI on open analysis issues in blockchains. This analysis collaboration will speed up Story’s roadmap.
Analysis is a important piece of shaping the way forward for blockchain execution environments. Story will help Stanford FDCI within the following analysis areas:
– Excessive-throughput concurrent processing for real-world purposes– Seamless integration with Story’s present multi-core structure– {Hardware}-level sensible contract execution that maintains strong verification.”
Story additionally printed its technical roadmap on Thursday on the social media platform X. The roadmap features a “complete” community improve within the third quarter of the yr that can purpose to enhance efficiency and governance.
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