Story Protocol, Startup Developing Open IP-Collaboration Platform, Raises $54 Million+ From Investors Including a16z and Endeavor

Story Protocol, which is developing what it says is an open system for extending intellectual property through online collaboration and paying any number of contributors, announced that it has raised more than $54 million in funding.

The funding was led by a16z crypto, part of venture-capital firm Andreessen Horowitz, along with investors including Endeavor and Samsung Ventures.

Story Protocol says it is an intellectual-property platform “optimized for the internet era,” that “aims to democratize IP creation through a global and extensible IP repository.” The company said its framework manages the entire lifecycle of IP development, enabling features like provenance tracking, licensing and revenue sharing. Applications built on

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