On Tuesday, Web3 area identify service supplier Area ID introduced a partnership with blockchain startup Story Protocol to supply id administration options.
Based on a press launch shared with Cryptonews, Area ID will combine its area identify infrastructure into Story Protocol.
Human-readable domains like “jane.ip” will function blockchain-verified proof of creation, permitting IP homeowners to authenticate, license, and monetize their work on Story Protocol.
Story Protocol’s Position in Tokenizing Mental Property
Launched in 2023, Story Protocol leverages blockchain know-how to trace mental property (IP) and has raised over $54 million in funding from Andreessen Horowitz (a16z) Crypto.
Story Protocol operates as a Layer 1 blockchain centered on tokenizing IP—an asset class valued at $61 trillion. Its mainnet launched on February 13, providing a framework for decentralized collaboration.
Web3 mental property (IP) protocol @StoryProtocol has introduced the launch of its mainnet on February 13, alongside its native token, IP.#Story #IPhttps://t.co/fgnAwjfOeE
— Cryptonews.com (@cryptonews) February 11, 2025
Story Protocol’s ecosystem includes platforms equivalent to Aria Protocol, which facilitates IP tokenization, and Verio Community, the place customers can stake IP belongings for rewards.
Area ID’s Position in Digital Identification
Web3 domains are central to digital id within the creator financial system.
As an example, digital artist Beeple verifies his work’s authenticity utilizing his Ethereum area, “beeple.eth.”
Area ID’s new “.ip” domains will present blockchain-verified proof of creation, addressing issues round authenticity in AI-generated content material.
Proof of Creation in Web3 Identification
Digital id stays a key part of the creator financial system.
“Within the age of AI, proof of creation is extra vital than ever. A Web3 area acts as a singular signature, permitting IP creators to take possession of their work and commerce it seamlessly, reassuring each creators and customers,” mentioned Harrison Seletsky, director of enterprise improvement at Area ID.
“Verifiable id is crucial for the way forward for mental property. With .ip domains powered by SPACE ID, IP holders on Story can set up blockchain-verified proof of creation, making it simpler than ever to tokenize, commerce, defend, and monetize their work,” mentioned Jason Zhao, co-founder and chief protocol officer at PIP Labs, Story’s preliminary core contributor.
The partnership between Area ID and Story represents development in digital id and mental property administration, setting authenticity within the Web3 house.
As bigger establishments take note of on-chain IP administration, partnerships like that of Area ID and Story Protocol present a real-world instance of how disputes may be decreased and management extra clearly outlined.
By integrating verifiable domains with tokenized belongings, content material homeowners might deal with long-standing problems with misappropriation.
This evolution would possibly result in extra standardized strategies, spanning throughout fields equivalent to leisure, publishing, and past.
The submit Web3 Platform Area ID to Turn out to be Digital Identification Supplier for Story Protocol appeared first on Cryptonews.
