Coinbase, a major US cryptocurrency exchange, has added support for a new cryptocurrency, the native token of a blockchain project called Story. Story aims to revolutionize how intellectual property (IP) is managed and monetized.
Story’s Blockchain Solution
Story’s blockchain is designed to let IP owners easily upload their work, set usage terms, and profit from it within the platform’s ecosystem. The project argues that current IP systems struggle to keep up with the rapid advancements of AI, leading to issues like unauthorized use and difficulty in licensing. They believe their peer-to-peer network offers a more efficient and transparent solution.
Token Performance and Coinbase’s Label
The Story token is currently trading at around $2.08, having dropped over 18% since its launch. It’s already ranked among the top 150 cryptocurrencies by market capitalization. Coinbase has labeled the token as “experimental” due to the inherent risks associated with newer crypto assets, including volatility and potential for canceled trades.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
