Grayscale Launches Story Trust for Investment in Story Network Tokens

Grayscale's new Story Trust enables accredited investors to tap into a blockchain solution for intellectual property management, underscoring the firm's diversification into innovative digital asset sectors.

132d ago

Summary

Grayscale has launched the Story Trust, allowing accredited investors to invest in the Story Protocol's native token, IP. This initiative modernizes intellectual property management by embedding licensing and royalty processes into smart contracts. The trust is now open for daily subscriptions, though secondary market trading is pending regulatory approval.

Terms & Concepts

Story Protocol: A blockchain protocol designed to transform intellectual property into programmable assets, facilitating automated copyright management and royalty distributions.
Smart Contracts: Self-executing contracts with the terms of the agreement directly written into code, allowing for automated and secure transactions.
Programmable Digital Assets: Digital representations of assets that include embedded licensing and royalty terms, enabling automated management and transactions.