Grayscale, a major player in the crypto world, has launched a new investment trust focused on Story (IP), a relatively new cryptocurrency. This move comes as Story’s value has more than doubled in just the past month.
Story: Intellectual Property on the Blockchain
Story is a layer-1 blockchain designed to manage intellectual property (IP) rights. Think of it as a digital system where creators can register their work, set usage terms, and even make money from it all within the blockchain’s ecosystem. Beyond creative content, Story also aims to feed real-world data into AI systems like robots and self-driving cars.
Grayscale’s Rationale
Grayscale’s head of product and research, Rayhaneh Sharif-Askary, highlighted Story’s potential, stating the trust offers investors a piece of a technology shaping the future of intellectual property and AI. The trust invests solely in the Story token (IP).
Story’s Recent Performance
Currently trading around $5.95, Story (IP) is showing impressive growth. While it’s seen a slight dip in the last 24 hours, its value is up over 8% in the past week and a whopping 100%+ in the last month. It’s currently ranked 69th by market capitalization.
Disclaimer
This information is for general knowledge only and is not financial advice. Always do your own research before investing in cryptocurrencies. Investing in crypto carries significant risk, and you could lose money.