Can Story Protocol Tokenize the $70 Trillion IP Market?

In this episode of Bankless, Jason Zhao, CPO of PipLabs and co-founder of Story Protocol, discusses the concept of tokenizing intellectual property (IP) on a blockchain. The conversation explores the inefficiencies of the current IP system, the potential for blockchains to create unstoppable digital markets for IP, and Story Protocol's vision to become a decentralized IP system akin to a payments network. Zhao addresses concerns about IP being inherently tied to nation-state legal systems, arguing that Story Protocol aims to extend and improve the existing IP framework, making it more accessible and efficient, especially in the age of AI. The discussion covers the process of tokenizing IP, the challenges of enforcement, and the long-term goal of fostering a new era of decentralized creativity.