Paris Hilton and a16z Support IP Ownership Network Story Protocol, According to Cointelegraph

The new blockchain-based intellectual property ownership network, Story Protocol, successfully secured $54 million in funding on September 7. This round featured contributions from notable investors including Paris Hilton’s 11:11 Media and Andreessen Horowitz, commonly referred to as a16z.

Story Protocol leverages blockchain technology to empower content creators, allowing them to manage and monetize their creations amidst the challenges posed by AI-generated fakes. The platform aims to establish itself as a comprehensive repository for various forms of content, encompassing text, images, and audio.