Story Foundation, a leader in the IP blockchain ecosystem, has announced that it has acquired OKX Ventures, a blockchain-focused investment company operated by global cryptocurrency exchange OKX.
OKX Ventures is the investment arm of OKX, the world's second largest cryptocurrency exchange.
This is the fourth joint fund that OKX Ventures has launched, following TON, Aptos, and Sui. Through this fund, the two companies will develop intellectual property (IP)-based
The company provides strategic support to early-stage startups in areas such as asset financialization, decentralized AI and data licensing. Story is focused on the AI environment where massive amounts of content are generated.
It is an IP blockchain platform developed to protect the value and ownership of creative works. It uses IP to block IP to overcome the limitations of the existing IP system, which is prone to infringement.
It provides a programmable IP layer that can be registered and monetized on-chain. Creators can have their IP ownership and rights duly guaranteed, and AI companies can share their learning data with others under a formal license.
Through the fund, Story aims to develop start-up companies that develop solutions with IP as a core design element.
The main targets of support are "new models and protocols for financializing real IP assets (RWA) such as music, movies, and patents," and "AI learning data supply and demand and licensing"
"AI/data licensing using the latest technology," "a fan-participation collaborative creation platform that turns stories, characters, worldviews, etc. into assets," etc.
Story and OKX Ventures will jointly manage the entire process from investment target selection to evaluation and execution. Story is a programmer
OKX Ventures will provide technical advice for the innovation of the cloud IP layer, and will support growth strategies based on its experience in nurturing Web3 startups. Selected startups will receive initial capital
In addition, the company will provide resources for marketing, technology deployment, strategic collaboration, and more.
"Story is committed to protecting the ownership of a plethora of AI-generated content and protecting the IP so that it can generate revenue," said Chairman of the Board, Robert Muttoni.
"Through the fund, we will help startups with various ideas create new revenue models and expand the ecosystem where IP can be financialized."
Jeff Ren, founder of OKX Ventures, said, "OKX Ventures is not just about increasing the number of investment projects, but is looking to invest in projects that have the potential to change the future.
"We are looking for projects that have potential," he said, "and will share the story and vision of developing IP blockchain technology with startups that will lead the development of the Web3 ecosystem."
I look forward to active collaboration between the two companies."
2025/06/25 12:36 KST
Copyright(C) BlockchainToday wowkorea.jp 118