A new cryptocurrency, Story, focused on intellectual property (IP) rights, has exploded in value.
Meteoric Rise
Launched on February 13th at $2.26, Story’s price has jumped a whopping 164% in just one week, reaching $5.98. This makes it the 71st largest cryptocurrency by market cap, with a particularly impressive 120% surge in the last 24 hours alone. Story aims to create a blockchain platform where IP owners can easily manage and profit from their digital assets.
Stanford Collaboration Fuels Growth
The project’s recent partnership with Stanford University’s Future of Digital Currency Initiative (FDCI) is believed to be a major factor in this price surge. Story’s engineering team will collaborate with Stanford on blockchain research, focusing on:
- High-throughput processing for real-world applications
- Seamless integration with Story’s existing multi-core architecture
- Hardware-level smart contract execution
This research collaboration is expected to significantly advance Story’s development.
Future Plans
Story also unveiled its technical roadmap, highlighting a major network upgrade planned for the third quarter of this year. This upgrade promises improved performance and governance features.
Disclaimer:
Investing in cryptocurrencies is risky. Do your own research before investing. This information is not financial advice./p>
