Story (IP) Skyrocket by 60% Following $1k USDC Price Award

Story (IP), a newly launched AI project focused on the tokenization of intellectual property experienced an increase in its native token price. Within 24 hours, surged over 60%, reaching an all-time high of $7.

Although a subsequent retracement of over 30% has brought the price down to $4.89 at the time of writing, this price action highlights the significant momentum surrounding this innovative project.

This recent volatility follows a series of bullish events, stemming from both the inherent appeal of Story (IP)’s unique niche and the sustained momentum generated since its launch. Since its token generation event (TGE) on February 14th, Story (IP) has demonstrated impressive growth, exhibiting a 384% increase from its initial low of $1, according to CoinGecko data.

Story (IP) Partners Blockbook Drive Surge

Contributing to this upward trajectory is a recent strategic collaboration with BlockBook, a platform designed to facilitate contests and challenges for content creators. This partnership, announced via Story’s official X account, aims to significantly enhance user engagement, particularly within the context of the upcoming ETH Denver conference.

This collaboration introduces a compelling incentive program: users can earn up to 1,000 USDC by participating in content creation challenges related to Story.

The contest, structured in two stages, requires participants to first creatively document their experience at ETH Denver – the world’s largest Web3 innovation festival taking place from February 23rd to March 2nd, 2025 – using Story (IP) merchandise and incorporating unique Story elements.

Furthermore, this media must then be submitted to BlockBook and shared via X for evaluation. Prizes range from 1,000 USDC for first place, encompassing BlockBook Creator Credit and social media recognition, to 400 USDC and a creator card for third place.

Furthermore, Story encourages participants to mint their submissions as NFTs and actively share them on BlockBook, highlighting additional opportunities for rewards and recognition.

Story (IP) Background Details

Beyond the immediate impact of this partnership, the fundamental value proposition of Story (IP) remains compelling. Founded in 2022 by Seung Yoon Lee, Jason Zhao, and Jason Levy, provides a decentralized, blockchain-based peer-to-peer network for the exchange, licensing, and monetization of intellectual property.

The platform leverages a Proof-of-Creativity Protocol to enable permissionless licensing and automated royalty payments, fostering a transparent and efficient IP ecosystem. Its native cryptocurrency, IP, plays a vital role in securing the network, processing transactions, and facilitating governance decisions, solidifying its position as a key component of the broader ecosystem.