Story Website: www.story.foundation/ Story X Account: x.com/storyprotocol 00:00 Intro 01:30 Two Young Founders 10:22 The Story team 17:38 Builders using Story 23:57 Future of Media
Next time I’d lead with what the product is, how it works, why it’s different or revolutionary, etc. 20 minutes of why the founders are great not only looks like you’re hiding the product, but viewers don’t care about the founders until their product is a success. It’s not compelling storytelling to tell me why a random person is building something which may or may not work.
Welcome to the world of PR & marketing around Crypto. Sell the dream, never the product. What is the product? "It will become apparent, once we start getting speculators. oh wait I meant investors". Trillions have gone into this industry, some of the best minds worked on it, not a single product useful for the masses other than tradable crap for speculation and money laundering for illegal goods through triangulation. Not even the big dogs in the industry like Meta, Google, Microsoft touched it which is right away a red flag, compared to how they move when technology actually matters, like they are all rushing now with AI.
See this kind of thing a lot in the web3 space. Maybe the elephant in the room is that what they’re doing might not create as much value as they’d like us to believe (as compared to a non blockchain way of doing whatever it is they’re doing)
I know Jason. I am telling you, this man is a professional. He is philosophy first, action second. Build on top of story asap, before they get too big to reply.
after watching this I feel a lot more motivated as an aspiring artist as now I know there are people like SY and Jason trying to create a more creator friendly world
This is great, I also was dwelling on this idea after I was creating hundreds of million viewers by taking other people's content and putting my own spin on it, I came up with certify Content, I created a pitch deck back in early 2023 and it was also built on the blockchain creating IP licenses platform monetization and live data reports. I didn't end up continuing because I didn't have a place to explore the idea more in New Zealand here . I will definitely be checking out story
00:04 Building the world's IP blockchain with a focus on Programable intellectual property layer 02:48 Creating mobile serialized fiction platform to address changing content consumption habits 07:43 Blockchain technology as a source of digital property rights 09:47 Building a future of IP using blockchain technologies 14:39 Story Protocol enables creators to set terms and track objects on blockchain. 16:59 Web3 startup simplifying IP licensing and interaction 21:33 Partnership focus on empowering creators and IP transparency 23:49 Evolution of monetization in video game industry 28:01 Building decentralized protocol for creator industry 30:26 Building a pioneering platform for empowering creators
It's a really interesting idea, but here is some healthy scepticism: - Let's say I want to make a movie. I liked character 1 from artist 1, world 1 from artist 2, etc. I have "N" worlds, characters and plots. It becomes a bit too tedious to handle all these "lego" blocks. Plus if character 1 has Robot aesthetics, and world 1 is Ghibli-esque, I can't simply dump in Robot 1. I need to make it fit with my world. Downside is I might end up paying a LOT of money for N artists, more than the money I pay for hiring a small team of artists. But there is an upside as well - it's "free to start" - I don't need to hire an artist, I can use their IP and use AI to modify the world. The smart contract will handle the payment anyways if the mode is royalty based and if I get some Ad revenue. Still feels a bit weird - Copyright is a hard problem to solve. If I'm an artist, I can copy and tweak the drawings offchain The best example is Palworld and Pokemon. You can't easily detect infringement of IP in this scenario. Heck, I don't think we can do anything in real world as well. But this might affect your platform revenues if a large chunk of users simply copy, tweak and paste.
That's why they set-up the rights to be very modifiable. Using your example, you don't have to use the world as it is. Same thing applies to the Robot. It's about the rights offered, and you can talk the Artist out of it, if the profit is their motivation or even just seeing their character/world in use. You know, you never know how the rights are put. Each creator has their own idea. Plus, you shouldn't forget that you can use the idea of the Robot for example, and map something similar with your personal touch. You can even contact the Artist to make something for you. The limits you've set, are personal boundaries you've set. That is not a real problem! Hope I've clarified the idea further!
If I copy or take inspiration, I haven’t stolen. Piracy isn’t theft. Theft is theft. Copyright, trademark, and IP laws are why we have shitty car engines, or watches. Every manufacturer have their own method that no one can replicate. Fuck that. Fuck copyright.
I’m confused about this too. It sounds like a big scam that doesn’t have a possible technical solution. And I’ve worked with data access and security for 7 years
Good question, founder here. We've built an API that allows any distribution platform, onchain or offchain to leverage Story. We work with offchain apps with 2-3m+ users that use Story and none of their users know about blockchain or have to interface with it. It does require platforms to use the API for tracking, but we're also partnering with existing infringement detection solutions. Just like SMTP needs a spam filter, we are working with third party partners to support our protocol on infringement detection. Further, all IP registered and licensed on Story is backed by a real legal contract, so worst case scenario, there is legal recourse (though we think that is highly expensive, it is a good backstop). Hope this helps!
@@jasonzhao8784 thanks Jason, helpful! For music, do you partner with Spotify and different PROs in various countries to track royalties? I'm interested in building a permissionless remix platform using Story
not exactly sure but I think the point of the startup is to build that infrastructure and technology to allow for that kind of tracking (off the chain). maybe they embed meta data in everything that allows for tracking or something of that nature.
@@jasonzhao8784 very helpful, thanks! do you have a partnership with Spotify, Apple Music and the PROs in different countries to do the tracking and payments yet? I'm thinking of building a permissionless music remix platform using Story and would like to know how viable it is to return splits from what is primarily offchain revenue to the OG creator right now. thanks!
Clearly they've put a lot of thought into this, it's not just another startup looking to cash in.. this feels very artist/creator friendly giving back the power over IP many were angry was taken with this new generative AI.
I can indeed attest to the remarkable qualities of this individual, yet I sense an undercurrent of resentment in the narrow judgment being expressed. I affirm the paramount significance of logical discourse and effective marketing over sheer quantity.
I have an overwhelming feeling that we either protect Intellectual property or it goes to zero. 12:36 I had the exact same conversation with my team when we got started only we were talking about transformers. 😂
Great analysis, thank you! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
So anyone who throws money at these people are basically a glorified gambler! The truth is fund raising ceos just raise money because they raises it before, not because their companies generated positive returns across all investors! I would give these guys a dollar!
High quality video content! I have another question: someone transferred me some TRC20 USDT and I have recovery phrases: 【pride pole obtain together second when future mask review nature potato bulb】 How can I monetize them?
I watched the whole thing and I still don't understand why would artists want to pay for licensing to create art.. they just create without permission...
This is essentially artists throwing copyright license agreements out there for anyone to sign... I am not sure if this would be popular for established artists. Famous art work and monopoly seem inseparable to me. If any content creator becomes well-known (through this platform or not), the next step for him is to find a mid/big publisher who will pay him more $$$ for an exclusive right over his work (instead of small companies promising 1% or 2% royalty on revenue that may or may not exist). For not-so-well established artists, I would imagine this platform may cause price competition as there will be more and more comparable similar art work offered on the platform... I am not an artist... but.. If I were one..... I would use this platform only if I am a total newbie artist looking for some attention or have tons of lower-than-average/average art work to throw in for income generation..
This is a really interesting idea. But I don't quite see how IP can be enforced? (Non-crypto dummy) Scenerio: Say artist1 made a character called, fancy cat, and register on this chain. Now come bad guy1, he comes and infringes the IP by making fancy cat toys and sell it to people without cooperating with the rules on the chain. Question: Now the fancy cat IP is never registered in a government body... How can artist1 recoop his lost? It seems like an exact replica of the IP needs to exist in some government system for the chain to be valid?
Yes...the struggle speech...like the E-gladiator...decades of struggle lane, instant food, sleep less nights, you want to hang out (nah we building some special future), you don't want to hang out? we are launching chances of a Lego IP future like Roblox Mastermind Masterpieces Currency Controller...and making problems into solutions into charge'ables and also fail'ables...its all a gamble of sorts..are you willing to play...that 20-30 window of world disruptors/Earth shakers...
I wouldn't completely agree. This is just the beginning on IP related issues with AI progressing from day to day. This is needed. And many many more other solutions
I don't think it is way ahead of time. They're lot of lawsuit going on against AI companies because of IP infringement. I hope this company solve this issue
Imagine a non music industry person combining the vocals from one song with the music from another and being able to put it out without any copyright strikes or takedown notices.
In 30 minutes, they never covered how the product works or protects IP in the real world. Just a lot of patting themselves on the back. It's not that no one has had this idea - plenty of people have - it's that blockchain doesn't solve the problem. Another cash grab, but congrats to them I guess. They'll never have to work again.
This is fundamentally flawed, every idea, artwork and innovation is a build up of different ideas. “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn't really do it, they just saw something.” - Steve Jobs The value comes from the connections, not the origin.
this is an unrealistic business model. Even if someone does argue that this was his or her idea art is all about getting inspirations from others arts and the world as a whole. Even if the final product is similar that doesnt mean one copied another and there is no way that anyone can prove that. U can have different intentions but end up drawing the same paintings. This goes the same for music, drawing, film etc. I'm not saying this is a scam or anything but there is no way this is gonna work over the long term. I honestly dont know how they got so much capital just because many of artists use this platform to declare their IP. In the real world, no one's gonna use ur app to pay for ips in the first place. Because art is created out of inspiration. No true artist will go to ur app find some ips they can copy and then just pay for it.
Story Website: www.story.foundation/
Story X Account: x.com/storyprotocol
00:00 Intro
01:30 Two Young Founders
10:22 The Story team
17:38 Builders using Story
23:57 Future of Media
SY and Jason are true visionaries!! Story are building a very important project. Very excited for the future of Story
These types of people shaping the future of humanity..... great
Always great ideas, never grand in their application
Next time I’d lead with what the product is, how it works, why it’s different or revolutionary, etc.
20 minutes of why the founders are great not only looks like you’re hiding the product, but viewers don’t care about the founders until their product is a success. It’s not compelling storytelling to tell me why a random person is building something which may or may not work.
Welcome to the world of PR & marketing around Crypto. Sell the dream, never the product. What is the product? "It will become apparent, once we start getting speculators. oh wait I meant investors".
Trillions have gone into this industry, some of the best minds worked on it, not a single product useful for the masses other than tradable crap for speculation and money laundering for illegal goods through triangulation. Not even the big dogs in the industry like Meta, Google, Microsoft touched it which is right away a red flag, compared to how they move when technology actually matters, like they are all rushing now with AI.
See this kind of thing a lot in the web3 space. Maybe the elephant in the room is that what they’re doing might not create as much value as they’d like us to believe (as compared to a non blockchain way of doing whatever it is they’re doing)
For VCs, they care about founders first, then product, because they believe that good founders can adapt their products to fit market.
Saying something can only be solved by blockchain is a perquisite to failure.
Love this. People changing the world because they see a different world.
Thanks EO for sharing the documentry. A million dollar channel for aspiring entreprenuers.
I know Jason. I am telling you, this man is a professional. He is philosophy first, action second. Build on top of story asap, before they get too big to reply.
Thanks Nakul!
Comment noted, this is obviously the future
I don’t care🎉
@@jasonzhao8784 Jason, you are an inspiration!
Thanks Naku .. right away
after watching this I feel a lot more motivated as an aspiring artist as now I know there are people like SY and Jason trying to create a more creator friendly world
스토리 잘나가네요 ㄷㄷ 기대가 됩니다 :)
I can't tell if this video is parody and everyone is in on it.
This is great, I also was dwelling on this idea after I was creating hundreds of million viewers by taking other people's content and putting my own spin on it, I came up with certify Content, I created a pitch deck back in early 2023 and it was also built on the blockchain creating IP licenses platform monetization and live data reports. I didn't end up continuing because I didn't have a place to explore the idea more in New Zealand here . I will definitely be checking out story
00:04 Building the world's IP blockchain with a focus on Programable intellectual property layer
02:48 Creating mobile serialized fiction platform to address changing content consumption habits
07:43 Blockchain technology as a source of digital property rights
09:47 Building a future of IP using blockchain technologies
14:39 Story Protocol enables creators to set terms and track objects on blockchain.
16:59 Web3 startup simplifying IP licensing and interaction
21:33 Partnership focus on empowering creators and IP transparency
23:49 Evolution of monetization in video game industry
28:01 Building decentralized protocol for creator industry
30:26 Building a pioneering platform for empowering creators
This is a awesome app. Solves a lot of copyright problems.
It's a really interesting idea, but here is some healthy scepticism:
- Let's say I want to make a movie. I liked character 1 from artist 1, world 1 from artist 2, etc.
I have "N" worlds, characters and plots. It becomes a bit too tedious to handle all these "lego" blocks. Plus if character 1 has Robot aesthetics, and world 1 is Ghibli-esque, I can't simply dump in Robot 1. I need to make it fit with my world.
Downside is I might end up paying a LOT of money for N artists, more than the money I pay for hiring a small team of artists.
But there is an upside as well - it's "free to start" - I don't need to hire an artist, I can use their IP and use AI to modify the world. The smart contract will handle the payment anyways if the mode is royalty based and if I get some Ad revenue. Still feels a bit weird
- Copyright is a hard problem to solve. If I'm an artist, I can copy and tweak the drawings offchain
The best example is Palworld and Pokemon. You can't easily detect infringement of IP in this scenario. Heck, I don't think we can do anything in real world as well. But this might affect your platform revenues if a large chunk of users simply copy, tweak and paste.
That's why they set-up the rights to be very modifiable. Using your example, you don't have to use the world as it is. Same thing applies to the Robot. It's about the rights offered, and you can talk the Artist out of it, if the profit is their motivation or even just seeing their character/world in use. You know, you never know how the rights are put. Each creator has their own idea. Plus, you shouldn't forget that you can use the idea of the Robot for example, and map something similar with your personal touch. You can even contact the Artist to make something for you. The limits you've set, are personal boundaries you've set. That is not a real problem! Hope I've clarified the idea further!
The "N" world 😂😂😂😂
@@alainportant6412 what
If I copy or take inspiration, I haven’t stolen. Piracy isn’t theft. Theft is theft.
Copyright, trademark, and IP laws are why we have shitty car engines, or watches. Every manufacturer have their own method that no one can replicate. Fuck that. Fuck copyright.
Good to hear and I like so much
interviews like this restore my faith in human intelligence and creativity, thank you EO for making and sharing this story.
How do you meter the usage of the IP legos and enforce splits if the content is primarily consumed and paid for offchain?
I’m confused about this too. It sounds like a big scam that doesn’t have a possible technical solution. And I’ve worked with data access and security for 7 years
Good question, founder here. We've built an API that allows any distribution platform, onchain or offchain to leverage Story. We work with offchain apps with 2-3m+ users that use Story and none of their users know about blockchain or have to interface with it. It does require platforms to use the API for tracking, but we're also partnering with existing infringement detection solutions. Just like SMTP needs a spam filter, we are working with third party partners to support our protocol on infringement detection. Further, all IP registered and licensed on Story is backed by a real legal contract, so worst case scenario, there is legal recourse (though we think that is highly expensive, it is a good backstop). Hope this helps!
@@jasonzhao8784 thanks Jason, helpful! For music, do you partner with Spotify and different PROs in various countries to track royalties? I'm interested in building a permissionless remix platform using Story
not exactly sure but I think the point of the startup is to build that infrastructure and technology to allow for that kind of tracking (off the chain).
maybe they embed meta data in everything that allows for tracking or something of that nature.
@@jasonzhao8784 very helpful, thanks! do you have a partnership with Spotify, Apple Music and the PROs in different countries to do the tracking and payments yet? I'm thinking of building a permissionless music remix platform using Story and would like to know how viable it is to return splits from what is primarily offchain revenue to the OG creator right now. thanks!
this is an incredibly well shot video.
Clearly they've put a lot of thought into this, it's not just another startup looking to cash in.. this feels very artist/creator friendly giving back the power over IP many were angry was taken with this new generative AI.
The video is so good quality and eye opening for me. Thanks!!
Someone finally creating what we all thought blockchain and nfts were going to do. Go story
I can indeed attest to the remarkable qualities of this individual, yet I sense an undercurrent of resentment in the narrow judgment being expressed. I affirm the paramount significance of logical discourse and effective marketing over sheer quantity.
Super interesting to hear their vision
awesome story ~👍
Feifei mentioned in a few talks that this is desperately needed. Great use-case! Love to see how it’s get solved
Insightful video.
I have an overwhelming feeling that we either protect Intellectual property or it goes to zero. 12:36 I had the exact same conversation with my team when we got started only we were talking about transformers. 😂
Super excited hearing your story!! IP legoland, digital renaissance ❤ Super early but I want to get in and learn fast , but how?
gg ! love story !!
have come in so early,,God bless me
Great Story
Money makes money..simple
Great analysis, thank you! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
I see a lot of story during pentests. Definitely some big brands using it already.
This model can be used for so much more
25 YEARS OLD AND BIILIONNER!!!!!!!!!!!
What if you use a remix that someone already remixed. Then who does the money go to?
So basically.. ERC-4910
Was thinking the same
A team of 700 is crazy
1:26 cool
LFG!
Cooling story)))
how is this enforceable?
What are the papers he read please
Typical confuse your investors if you cant convince them😂 pump and dump tech start ups like these are countless these days
So anyone who throws money at these people are basically a glorified gambler! The truth is fund raising ceos just raise money because they raises it before, not because their companies generated positive returns across all investors! I would give these guys a dollar!
a worthy $2B pump
Andersen Horowitz executive thinks people are still buying their music for $0.99 on iTunes
Don't underestimate A16Z
@@nakulgoel4714 happy to do so if its their crypto team lel
High quality video content! I have another question: someone transferred me some TRC20 USDT and I have recovery phrases: 【pride pole obtain together second when future mask review nature potato bulb】 How can I monetize them?
Hello, Faucet just 1 ip but the fee is 9 IP. Please help me ..
I'm surprised that someone will pay $440m for radish, but hey! good for them!
Imagine thinking web3 is more important than ai.
Berserq had this idea over two years ago.
Personalized on demand ai content will completely destroy this start up
I watched the whole thing and I still don't understand why would artists want to pay for licensing to create art.. they just create without permission...
Because they want art to be monetized now
This is essentially artists throwing copyright license agreements out there for anyone to sign...
I am not sure if this would be popular for established artists. Famous art work and monopoly seem inseparable to me. If any content creator becomes well-known (through this platform or not), the next step for him is to find a mid/big publisher who will pay him more $$$ for an exclusive right over his work (instead of small companies promising 1% or 2% royalty on revenue that may or may not exist).
For not-so-well established artists, I would imagine this platform may cause price competition as there will be more and more comparable similar art work offered on the platform... I am not an artist... but.. If I were one..... I would use this platform only if I am a total newbie artist looking for some attention or have tons of lower-than-average/average art work to throw in for income generation..
Anyone has story protocol discord server link
The cuts are WAY too fast in the first minute. Had to rewind to get what they even said
"Don't fuck with my data!"! Sums it up perfectly!
16:59 Taking the power away from the big dogs.👌
Explain like doordash founders plz
19:43
This is a really interesting idea. But I don't quite see how IP can be enforced? (Non-crypto dummy)
Scenerio:
Say artist1 made a character called, fancy cat, and register on this chain. Now come bad guy1, he comes and infringes the IP by making fancy cat toys and sell it to people without cooperating with the rules on the chain.
Question:
Now the fancy cat IP is never registered in a government body... How can artist1 recoop his lost? It seems like an exact replica of the IP needs to exist in some government system for the chain to be valid?
Typical tech entreprebullshit😂 overvalued stocks that rides on the highs of gamblers in the market, sad reality.
Yes...the struggle speech...like the E-gladiator...decades of struggle lane, instant food, sleep less nights, you want to hang out (nah we building some special future), you don't want to hang out? we are launching chances of a Lego IP future like Roblox Mastermind Masterpieces Currency Controller...and making problems into solutions into charge'ables and also fail'ables...its all a gamble of sorts..are you willing to play...that 20-30 window of world disruptors/Earth shakers...
took 31:30 minute to explain such thing? :D ookaaay
web3 is still a thing?
25? That's insane....
25 in his age and experience . you could give someone 100 years and he will still do nothing .
another web3 scam
✨
Vaporware
Did he start his first companies without a technical co-founder?
IP or like NFT
So, why does it need to be on the blockchain and why does it need ai?
I think this is way too ahead of time
I wouldn't completely agree. This is just the beginning on IP related issues with AI progressing from day to day.
This is needed. And many many more other solutions
I don't think it is way ahead of time.
They're lot of lawsuit going on against AI companies because of IP infringement.
I hope this company solve this issue
"Don't f*king touch my data" and blockchain does not go together.
Nft 가즈앜ㅋㅋㅋ
oki
another crypto startup that makes no sense
Imagine a non music industry person combining the vocals from one song with the music from another and being able to put it out without any copyright strikes or takedown notices.
@@we_rebel don't give into crypto startups crying for funding
I can't understand
Explain in easy words please
As long as it’s named web3 it just won’t succeed. It’s not an iteration of web2. It’s journaling 1.0 but that doesn’t sound as sexy.
In 30 minutes, they never covered how the product works or protects IP in the real world. Just a lot of patting themselves on the back. It's not that no one has had this idea - plenty of people have - it's that blockchain doesn't solve the problem. Another cash grab, but congrats to them I guess. They'll never have to work again.
Sounds like a scam.
Good idea. Too bad it’ll never work in a real market.
스토리 프로토콜은 구조가 너무 복잡하던데 이해를 하려면 한참 걸리더라
OK
22:53 Yes!
(IP,IP)
15th subscriber🫡
🔝👁️👁️🔝🇺🇸🙏🇨🇴👊🏿
DONT FUKK MY DATA , Lol this word always on my brain
This is fundamentally flawed, every idea, artwork and innovation is a build up of different ideas.
“Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn't really do it, they just saw something.” - Steve Jobs
The value comes from the connections, not the origin.
Oh hey look a new programmers are also human just dropped
Wow Kai really stepping up on the make-up department on this episode.
I thought this was a parody not going to lie.
this is an unrealistic business model. Even if someone does argue that this was his or her idea art is all about getting inspirations from others arts and the world as a whole. Even if the final product is similar that doesnt mean one copied another and there is no way that anyone can prove that. U can have different intentions but end up drawing the same paintings. This goes the same for music, drawing, film etc. I'm not saying this is a scam or anything but there is no way this is gonna work over the long term. I honestly dont know how they got so much capital just because many of artists use this platform to declare their IP. In the real world, no one's gonna use ur app to pay for ips in the first place. Because art is created out of inspiration. No true artist will go to ur app find some ips they can copy and then just pay for it.
Here we are again, trademark everything... what could go wrong?
Hall Robert Garcia Nancy Lee Donald
why does this need to be on blockchain?
Holy crap, this is messed up.
A16z is gonna pump and dump u