On Tuesday, Web3 area identify service supplier Area ID introduced a partnership with blockchain startup Story Protocol to offer identification 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 expertise 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 targeted 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 corresponding to Aria Protocol, which facilitates IP tokenization, and Verio Community, the place customers can stake IP property for rewards.
Area ID’s Position in Digital Id
Web3 domains are central to digital identification within the creator economic system.
For 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 Id
Digital identification stays a key element of the creator economic system.
“Within the age of AI, proof of creation is extra essential than ever. A Web3 area acts as a novel signature, permitting IP creators to take possession of their work and commerce it seamlessly, reassuring each creators and shoppers,” stated Harrison Seletsky, director of enterprise growth at Area ID.
“Verifiable identification 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, shield, and monetize their work,” stated 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 identification 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 is perhaps lowered and management extra clearly outlined.
By integrating verifiable domains with tokenized property, content material homeowners may deal with long-standing problems with misappropriation.
This evolution would possibly result in extra standardized strategies, spanning throughout fields corresponding to leisure, publishing, and past.
The publish Web3 Platform Area ID to Turn out to be Digital Id Supplier for Story Protocol appeared first on Cryptonews.