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Paris Hilton, a16z back IP ownership network Story Protocol

Published 09/06/2023, 06:51 AM
Updated 09/06/2023, 08:40 AM

The new blockchain-based IP ownership network Story Protocol closed a $54-million funding round on Sept. 7, which included investments from big names, such as Paris Hilton’s 11:11 Media and Andreessen Horowitz, also known as a16z.

The platform uses blockchain technology to help content creators oversee and monetize their content in the face of fakes generated by artificial intelligence (AI). It plans to serve as a blockchain-based IP ownership repository for all types of content, including text, image and audio.

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