A16z’s $80M investment boosts Story Protocol’s IP protection against AI theft
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 22 2024Funding Announcement: Andreessen Horowitz's crypto arm has invested in PIP Labs, raising $80 million for its blockchain-based Story Protocol aimed at protecting intellectual property from AI-related theft. The startup has raised a total of $140 million across three funding rounds, with notable investors including Polychain Capital and Samsung NEXT.
AI and IP Protection: Chris Dixon from a16z emphasizes that the Story Protocol will help creators safeguard their works in the age of generative AI, addressing copyright infringement issues by allowing creators to register and track their intellectual property on a blockchain platform valued at $2.25 billion.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
