Top US Crypto Exchange Coinbase Launches Support for New Asset Tied to Intellectual Property-Focused Blockchain
Coinbase has rolled out trading support for the brand-new native token of a layer-1 blockchain focused on intellectual property (IP). The scalable intellectual property solution Story launched its public mainnet on Thursday and aims to serve as a blockchain where rights holders can upload IP, set the terms of use and monetize it throughout the protocol’s application ecosystem. Explains Story’s launch announcement, “AI (artificial intelligence) is undermining IP as we know it. The traditional IP system can no longer keep pace with the speed and scale of generative AI. Centralized intermediaries make exchanging, licensing, and monetizing IP prohibitively expensive. IP owners see their works used in AI models without attribution or compensation, and even AI companies themselves can’t possibly make millions of individual licensing agreements. AI and IP are locked in a zero-sum struggle, making the marketplace of ideas both illegible and illiquid. S...