Story Protocol, a blockchain-based IP-tracking platform, has partnered with the AI startup Ritual to let builders create AI fashions and monitor their outputs on-chain.
Story Protocol raised greater than $54 million final yr from the likes of Andreessen Horowitz and Paris Hilton’s 11:11 media, and it’s presently nonetheless in beta testing on Etheruem.
The primary initiative below the brand new partnership includes MyShell, a generative platform for constructing AI apps and chatbots. Creators utilizing MyShell will be capable to host their fashions on Ritual and register them as IP Belongings on Story Protocol, making certain management over utilization, attribution, and income sharing.
After elevating greater than $54 million final yr from the likes of Andreessen Horowitz and Paris Hilton’s 11:11 Media, Story Protocol, a blockchain-based platform targeted on mental property (IP) rights, says it will likely be utilized by the crypto-meets-AI startup Ritual to let builders create AI fashions and monitor their outputs on-chain.
Underneath the so-called partnership, Ritual will start posting its user-made AI fashions to Story Protocol to “show that outputs like textual content, picture, and voice are generated by particular fashions” and supply “superior watermarking schemes that may give builders stronger safety ensures round provenance and traceability,” Story Protocol mentioned in an announcement. Based on Story Protocol co-founder Jason Zhao, a brand new software program improvement equipment (SDK) can be within the works that may permit Ritual builders to seamlessly register their fashions as “IP Belongings” on Story Protocol.
Story Protocol pitches itself as a “programmable IP layer” that creators can use to maintain monitor of their IP to make sure it’s paid for when used and correctly attributed. At present in beta testing on Ethereum’s Sepolia check community, Story Protocol was a cat-nip for traders final yr with its pitch infusing the “code-is-law” tenants of blockchain with broad overtures towards Web3 and the creator economic system.
Its partnership with Ritual, a decentralized computing platform that raised $25 million final yr in a bid to assist builders construct and run AI fashions, comes as AI speak is dominating the crypto realm together with the broader tech business. Investor cash is flooding sooner than ever into AI-linked blockchain initiatives, and a brand new class of “AI Tokens” has surged lately with the tech inventory of the second, Nvidia (NVDA).
By collaborating, Ritual and Story Protocol’s leaders appear hopeful that crossing AI with blockchain-based property rights may current the crypto business with its surest wager but in direction of seizing hype round each sectors.
“Regardless that we have introduced media on-chain, we’ve not introduced IP on-chain, as a result of IP is rights plus media. It isn’t simply media alone,” mentioned Zhao, who labored as a product supervisor at Google’s Deep Thoughts AI lab earlier than beginning Story Protocol. Based on Zhao, Story Protocol has launched “programmable IP” by “permitting folks to connect the type of guidelines for engagement and the rights to every piece of IP on-chain in order that it will possibly transfer throughout totally different apps and totally different platforms.”
With Story Protocol, Zhao says the foundations governing how IP ought to be used and paid for might be hard-coded into sensible contracts. Zhao says these contracts might help folks create by-product works from IP with out concern of infringement and might guarantee IP holders get routinely compensated for his or her work when others use it.
“We see ourselves as offering extra environment friendly rails, or infrastructure, for licensing IP than the standard pen and paper world,” mentioned Zhao.
The primary challenge to reap the benefits of the Ritual-Story partnership might be MyShell, a generative platform that folks can use to construct AI apps and chatbots primarily based on made-up characters. MyShell customers will be capable to host their fashions on Ritual after which register them as IP Belongings on Story Protocol.
“By partnering with MyShell, Story Protocol permits creators to have management over the AI use circumstances they create, the place attribution, licensed remixing, and income sharing are all captured on-chain,” Story Protocol mentioned in its assertion.
