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The Daily Hodl 2025-02-15 01:00:33

Top US Crypto Exchange Coinbase Launches Support for New Asset Tied to Intellectual Property-Focused Blockchain

Top US Crypto Exchange Coinbase Launches Support for New Asset Tied to Intellectual Property-Focused Blockchain

Coinbase has rolled out trading support for the brand-new native token of a layer-1 blockchain focused on intellectual property (IP). The scalable intellectual property solution Story launched its public mainnet on Thursday and aims to serve as a blockchain where rights holders can upload IP, set the terms of use and monetize it throughout the protocol’s application ecosystem. Explains Story’s launch announcement , “AI (artificial intelligence) is undermining IP as we know it. The traditional IP system can no longer keep pace with the speed and scale of generative AI. Centralized intermediaries make exchanging, licensing, and monetizing IP prohibitively expensive. IP owners see their works used in AI models without attribution or compensation, and even AI companies themselves can’t possibly make millions of individual licensing agreements. AI and IP are locked in a zero-sum struggle, making the marketplace of ideas both illegible and illiquid. Story proposes an entirely new framework for intellectual property, one that creates an open and programmable market for IP. Story is a peer-to-peer intellectual property network purpose-built to transform IP into a programmable asset class, enabling permissionless exchange, ownership, and monetization across AI and the broader internet.” The project’s native IP token is trading at $2.08 at time of writing and is down more than 18% on its first day of trading. It’s already the 158th-ranked crypto asset by market cap. Coinbase is adding the “experimental” label to IP, which the platform uses for tokens that pose certain risks such as price swings and canceled orders because of lower trading volume and availability. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top US Crypto Exchange Coinbase Launches Support for New Asset Tied to Intellectual Property-Focused Blockchain appeared first on The Daily Hodl .

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