The digital asset administration large Grayscale has launched a brand new belief for a mid-cap altcoin that has doubled its worth previously month.
Grayscale’s new Story Belief gives accredited traders with publicity to Story (IP), a layer-1 blockchain community centered on mental property.
Story launched in February and goals to offer a scalable mental property resolution on a blockchain the place rights holders can add IP, set the phrases of use and monetize it all through the protocol’s utility ecosystem. The venture additionally brings real-world knowledge to synthetic intelligence (AI) programs, together with robots, surgical assistants and autonomous autos.
Story’s native asset, IP, is buying and selling at $5.95 at time of writing. The 69th-ranked crypto asset by market cap is down greater than 2% previously 24 hours however up greater than 8% previously seven days and greater than 100% previously month.
Rayhaneh Sharif-Askary, Grayscale’s head of product and analysis, says the asset supervisor’s new belief displays Story’s technological potential.
“Grayscale Story Belief provides traders publicity to a protocol shaping the foundational mental property layer for the knowledge and AI period. That features not simply inventive content material, however real-world knowledge – the power powering certainly one of right this moment’s most superior clever programs.”
The belief is solely invested within the IP token.
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