Grayscale Launches Investment Trust for Story Protocol’s IP Assets
Grayscale has introduced the Grayscale Story Trust, an investment vehicle for accredited investors focused on the Story blockchain protocol. This protocol aims to convert intellectual property (IP) into programmable digital assets.
- The trust will exclusively invest in IP, the native token of the Story network.
- IP is currently priced at $5.94, having increased over 100% in the past month.
- Story technology allows embedding licensing terms, royalty rules, and attribution into smart contract-enabled NFTs, automating ownership and rights management.
- The protocol has recorded over 1.7 million IP-related transactions and more than 200,000 monthly users.
- Applications include content creators tagging likenesses in videos and AI developers sourcing compliant training data.
- One initiative called Poseidon integrates real-world data into systems like surgical assistants and self-driving cars.
- The Grayscale Story Trust will allow daily subscriptions but does not guarantee secondary market trading.
This trust expands Grayscale's portfolio, which includes the Bitcoin Trust (GBTC), targeting institutional investors interested in emerging blockchain applications.