X Space Review | IP Soaring, What Are the Early Wealth Effects of Participating in the Story Ecosystem?

On February 13, Story launched its mainnet, and the IP airdrop claim started synchronously, listing on major exchanges such as OKX and Coinbase. There was almost no pullback after the launch, and it surged against the trend while BTC was underperforming, experiencing a week-long uptrend. The IP price once broke through $7, standing out among the recent TGE projects.

On February 26, BlockBeats invited Tim, the Head of Developer Relations at Story, Leo, CTO of PIP Labs, along with representatives from four potential projects in the Story ecosystem - Verio, Piper, SOLO AI, and Storyhunt - to discuss the early wealth effects in the Story ecosystem under the theme "IP Surging, What Early Wealth Effects in the Story Ecosystem Can You Participate In?."

BlockBeats: We warmly welcome our guests today. Please introduce yourselves.

Tim: Hello, everyone. I'm Tim, currently responsible for Developer Relations at Story, and also overseeing partnerships for the node ecosystem and infrastructure.

Serena: Hi, everyone. I'm Serena, the Co-Founder of Storyhunt. Storyhunt is a native DEX on Story, using the AMM model, inspired by Uniswap V3 and mining mechanisms, supporting ERC-20 tokens. Our goal is to digitize IP assets and IPFI on Story, enabling creators and traders to easily transform stories into assets and trade directly on the DEX. I am also a core member of Mimboku, a community built from the ground up, focusing on the NFT development in the Story platform. We are driving the NFT development in the Mimboku community through three projects.

Verio: Hello, everyone. I'm a Co-Founder of Verio. Verio is a liquidity restaking protocol tailored for Story, where the native IP token is the core asset. Users can earn interest by staking IP and receive VIP tokens. VIP tokens can be restaked into various IP assets on Story, providing support and protection.

Snoopy the Piper: Hello, everyone. I'm Snoopy, a core contributor to PiperX. PiperX is the first and largest native DEX on the Story platform. We integrate the AMM mechanism and mining features of Uniswap V2 and V3, offering users a seamless trading experience and attractive liquidity incentives. You can find high-quality IP-backed RWAs, Meme, AI, and Agent assets on PiperX. Additionally, we have developed a DeFi Agent named DaVinci and previously collaborated with Luna (luna_virtuals) to release Luna's first IP asset on Story. This was also the first on-chain collaboration completed through agent negotiation on Story (TCP/IP). I'm excited to engage in today's discussion with everyone.

Jaqen: Hello everyone, I am Jaqen, a core contributor of SOLO AI. We are the first AI music generation platform on the Story protocol, supporting users to easily generate personalized music. On the first day of our launch on the Story mainnet, we released the digital music composition tool DJ Sona. Feel free to visit Solo AI's official website to explore more possibilities of music generation.

Leo Chen: Hello everyone, I am Leo, the CTO of PIP Labs. PIP Labs is the development company behind Story.

BlockBeats: Last week, the IP token price experienced a significant surge. What is the current focus in the ecosystem?

Tim: Currently, my focus is on the creator ecosystem. Story is fundamentally optimized and improved based on intellectual property (IP), while also building a solid infrastructure to help IP go on-chain and have legal effects. My background initially involved content internationalization, and my current focus in the ecosystem is primarily on the appeal of short video creation and text-based content creation. For example, we have collaborated with t2 World on text-based content creation, where they previously established a blog forum based on Links. Apart from this, I have not seen many other applications related to the creator ecosystem. I believe starting from text-based creation still holds promise, especially with platforms like Mirror, Paragraph, among others introduced. While there has been some progress, there hasn't been a breakout text-based creator economy project. Therefore, I am looking forward to seeing more text-based creator economy projects emerge.

Serena: This cycle has revolved around Memecoins, and what sets Story's Memecoin apart is that it is backed by intellectual property (IP). We hope to further drive the development of these IP-backed Memecoins, especially in terms of how to support this market through underlying infrastructure, including how to overcome current challenges since most liquidity is currently centered around Solana. We aim to make Memecoins more liquid in the market and facilitate seamless trading. Our goal is to enable Story community members to capture the value of IP-backed Memecoins and create wealth.

We are also contemplating how to better discover community-driven Alpha. Story itself is a trading platform that can early on capture which IPs are fermenting, which emerging IPs are rising, and which ones may become hot trends. Much of the Alpha information will first manifest on our platform and be traded on Piperx. Therefore, it is advisable to pay more attention to our DEX as opportunities in this area are just beginning to unfold.

Verio: We have now launched multiple IP assets on the Verio website, including Mimboku. I myself am also a GT of Mimboku. Additionally, others like Sofamon have also partnered with the Story official team to customize a set of emoji-like clothing for Story. (16:34)

Now, by staking LSD on different IP Assets, participants can receive special rewards. The first batch of rewards has been distributed, with some users receiving lottery opportunities. Prizes include Sofamon's hat, valued at approximately 1.5 ETH at the current market price. Additionally, regardless of the amount of VIP staked, users have the opportunity to participate in the lottery. Users staking on different IPs can also win different special rewards. So, we highly encourage everyone to participate in staking.

Snoopy the Piper: From the perspective of PiperX, we are positioned as high-quality blue-chip assets, and users trust us very much, so we hope to find the best assets for everyone.

Currently, one of the highest-quality assets in the IP ecosystem is the IP's native token. Previously, we discussed how IP's native tokens serve as the universal currency for AI and IP, driving the development of the creator economy and decentralized economy. In the future, Story's roadmap will also focus on promoting the utility of IP's native tokens to grow IP's GDP. The future gameplay of IP's native tokens will continue to expand, and everyone can pay attention to PiperX’s mainstream liquidity pools, including stablecoins, WETH, etc.

I looked at today's data, for example, the APY from IP to stablecoin (USDC) is over 100%, while the IPY from IP to WETH is over 4000%. This indicates that the trading activity of IP tokens is very high, and many IPs in the pool have been exchanged. Therefore, I recommend everyone to pay attention to the various plays of IP's native tokens and their utility.

Secondly, we value three types of assets: first is Memecoin supported by IP, such as WTF and Sona mentioned earlier, which are very interesting meme assets in the Story ecosystem; the second type is IP related to the real world. For example, Aria recently joined BTS as a partner. If you are a fan of these stars, you will find many high-quality IPs in the Story ecosystem, including Black Pink, Justin Bieber, etc., all of which are unique and practical assets; the third type is AI Agent-related assets, especially those related to AI computing power, algorithms, and data.

Previously, Jason also shared content about the AI field. AI data itself is a high-quality IP, and in this regard, everyone can look forward to the new assets that Story will launch in the future. At the same time, Story has collaborated with multiple AI projects, such as Stability AI. DaVinci once collaborated with Luna, helping Luna register the song released on EDC in Thailand as an IP asset on Story and sharing the revenue with the community that contributed content to Luna. The collaboration between these two Agents also illustrates the various innovative gameplay on Story. Through these collaborations, we can provide more creative opportunities and value for community members. Even Agents outside the Story ecosystem can issue IP Assets on Story, create pools, engage in trading, and more. In the future, more Agents will participate in the issuance process.

Jaqen: On the Story platform, we mainly focus on the asset level, especially asset issuance. In addition to asset issuers like us, there are also some DeFi-related gameplay. Since Story itself does not generate content, it is more like a PGC powerhouse, so it requires native asset protocols like us to create valuable AIGC content. We are one of the few native content creation projects.

In addition to us, other Agent assets like Mimboku, DaVinci, and projects like WTF mentioned earlier are also worth paying attention to. The issuance status of these native assets is crucial. Although we launched our own AI Agent with Story on the first day of the mainnet and had a good market performance, SoloAI's GTM (Go-to-Market) goes far beyond that.

Currently, our focus is on automating revenue management for artist content and building a low-threshold artist data marketplace to facilitate the efficient circulation of AI-generated IP assets. These are the directions we are currently more concerned about. We also have had discussions with some users deeply involved in liquidity mining and found that retail investors' focus is very direct. They are more concerned about whether the project's token has a celebrity effect, which attracts more market attention to such projects. In addition, innovative applications of DEFAI also easily attract retail investors' attention, which are two important aspects I have observed.

Leo Chen: I would like to share with you an English project called Emergence. This is a sci-fi IP co-creation project on Story. The reason I am interested in this project is that I am a passionate fan of science fiction novels. The project's creators, worldview, and architecture are by David S. Goyer, a well-known creator in Hollywood who is currently overseeing the Apple TV show "Foundation," which is considered a precursor to Star Wars and has already released its second season.

David S. Goyer is also one of the creators of "The Dark Knight" and "Blade," and his influence in Hollywood is significant. This project started operation several years ago, spending a lot of time collaborating with many well-known writers to create this worldview. David S. Goyer was responsible for building the entire worldview, storyline, and character design, with other writers participating in the co-creation, including collaboration with some Chinese-language writers. I believe this is one of the most distinctive projects on the Story platform. Currently, there is an AI agent behind it helping everyone participate, generate their own characters, and engage in story creation. This team also has support from A16z and a Hollywood background, but there is currently no Chinese content.

BlockBeats: Tonight's guests include those involved in DEX as well as backgrounds related to AI and memes. I'd like to ask how in the Story ecosystem, IPFi combines with DeFAI to better promote asset trading efficiency?

Tim: The direction we are currently focusing on is IPFi. In the traditional world, IP (Intellectual Property) is often seen as an implicit asset, lacking an effective bidding method and value capture mechanism. When we explore IP, we often encounter pricing issues and are also unsure about the rights that IP brings and whether it can be considered an asset.

The core reason for putting IP on the chain is that traditionally, power is vague and hard to capture. Although the concept of NFT was first proposed, although now widely understood as PFP (Profile Picture) NFT, EIP-721 mentions that NFT as a token is more of a "container," including negative assets, certificates, etc. Therefore, when we encapsulate IP and put it on the chain, we can clearly define and price these rights, thereby increasing liquidity. This is very attractive to the traditional world because currently, we find it difficult to price power and increase its liquidity.

The key to IPFi is how to further innovate after pricing power, such as using it as collateral or enhancing its liquidity. In addition, IP itself is divided into two levels, one is ownership, and the other is asset rights. Asset rights are more complex, for example, whether it is possible to create a meme based on a certain IP or to make it into IP licensing, and so on.

An important point of innovation is that with the help of license templates, we can better break down and monetize these rights. For example, if I hold the meme issuing rights of a certain IP, can I use it as collateral for borrowing? Or even further, bundle various rights for DeFi operations. These are all directions we can explore in the future.

Currently, the phase after IP on-chain is still in its early stages, and we can combine it with tokens to attempt operations like a regular loan pool or other liquidity operations. In the future, I believe that with the integration of DeFi and AI, we will be able to better tokenize IP, creating more value.

Serena: I would like to further discuss how we, as a DEX on the Story platform, view the role of the DeFi agent and how we enhance the user experience through the DeFi agent, simplifying complex operations to allow more mainstream users to seamlessly enter Story's IPFi application for interaction and mining. We have noticed that most users on the Story platform do not have a deep understanding of blockchain and DeFi like typical DeFi users. Therefore, there is a broad space for DeFi agents, as, to some extent, DeFi and blockchain are designed for agency.

In the direction of the agent, we are partnering with Unleash to explore more AI applications in DeFi. The current DeFi interactions are still relatively complex, especially in liquidity management, asset allocation, and how to discover high-potential arbitrage opportunities. The threshold is high, especially after the release of Uniswap V3. How to manage liquidity? We hope to automate these operations through DeFi agents, where users can simply set up easy strategies, such as purchasing the most popular IP assets or, in terms of mining, automatically reinvesting or compounding earnings.

Additionally, we have introduced the TCP/IP protocol, allowing more IP assets and IP agents to have stronger composability. Through this protocol, agents can automatically trade and execute different strategies between various DeFi protocols and IP assets.

Verio: I believe that in the Story platform, the entire architecture is very suitable for decentralized IP management. Story supports decentralized IP registration, it is a permissionless open platform that allows anyone to register IP on the platform. Verio's goal is to identify which IPs have high value, potential, or legitimacy through different staking mechanisms, allowing creators to collaborate with these IPs, whether for derivative works or other applications.

Story's native system also has a "dispute" module used to challenge the authenticity of IP, ensuring that IP rights are protected. We have previously co-authored a paper with a senior IP lawyer discussing how to efficiently judge and protect the authenticity and rights of IP on-chain, especially through a DeFi Agent to achieve this goal.

Snoopy the Piper: IPFi is actually a relatively new concept. I remember we first proposed this concept around March or April last year. Story is very focused on the IP field, and as part of IPFi, our goal is to build a robust infrastructure to support our IPFi ecosystem.

From the perspective of PiperX, IPFi can facilitate asset transactions by improving asset liquidity and transaction efficiency. When building a DEX, user experience is crucial, and we have found that users are very sensitive to speed and reliability. Therefore, we have put a lot of effort into the product, especially in transaction speed and asset swap success rate. We have increased processing speed by tenfold on the backend and have made many optimizations to ensure a smoother user experience. The Story platform has many existing and new users, and we aim to provide them with the best experience by enhancing transaction reliability and performance.

Regarding innovative gameplay, such as the DeFi agent, we have also made some attempts. For example, we introduced the DaVinci Agent, where users can directly create and register IP assets by issuing simple instructions like "I want to create an IP asset." Many users issued tokens on the Story platform for the first time using this feature. Additionally, users can quickly perform asset exchanges, manage liquidity, and other operations through similar actions. For liquidity management in the V3 pool, we also provide automated tools to help users easily adjust price ranges and manage asset liquidity.

In summary, first, we are committed to optimizing the user experience in trading and liquidity management to ensure high reliability and success rate; second, the DeFi agent feature allows users to increase asset transaction efficiency by simplifying operations. We will continue to serve all asset issuers and users, improving the overall platform experience.

Jaqen: Before joining Story, I was involved in DeFi derivative trading, including perpdex and some more complex options projects. From my perspective, for creator economy ecosystems like Story, the current IPFi gameplay is actually not suitable for many complex DeFi Lego or snowball growth operations with high leverage arbitrage. It is more suitable for liquidity staking platforms like PiperX, Verio, which offer one-click issuance and one-click liquidity provisioning. We can see that since the meme wave last year, to the rise of projects like AI agents, the whole cycle has seen users' trading behavior gradually becoming more speculative and transitioning to FOMO-style short-term trading.

The Story platform has done a great job catering to these user behaviors and successfully integrating with their transaction habits. However, in the long run, Story's goal is to engage in more long-term IP-related business. The recently released TCP/IP whitepaper and the encouragement of the creator economy indicate that Story's direction is towards long-term development. If we draw a parallel comparison, projects like Solana and those launched by its foundation also aim to build a long-term DeFi architecture after the hype, focusing on IPFi and DeFi fields, thus driving some very positive dynamics.

As for the integration of DeFi and AI, this concept has been around for about two to three months now. From a traditional industry perspective, automated one-click trading still primarily exists in Wall Street's quantitative trading. However, in Web3, this concept has become more innovative. Looking at the ferment logic of DeFAI, I tend to believe its development will follow a trend similar to early BTCfi. The main aspects to observe are project recognition and hot money acceptance. It is essential to see if this concept can encompass more IP projects and asset layers while attracting funds like a16z and Polychain into DeFAI projects.

From the perspective of Solo AI, our current goal is to tokenize artists and virtual artists, creating a clear relationship between them and their assets through tokenization. In this model, when artists receive income from IPFi through their work, we can automate on-chain transactions through smart contract design. Specifically, this transaction model has several advantages: firstly, it automates the management of artists' asset portfolio income distribution, making cash flow more transparent. Secondly, it achieves transparent tracking of copyright revenue from works, and fans can also participate in the artist's career development by holding artist tokens.

All of this is still in a stage full of possibilities and has not been fully defined. So, we welcome everyone to continue following our future collaborations with top artists. Thank you.

Leo Chen: Going back to the essence of blockchain, personally, I believe that the technological advantages of blockchain are mainly reflected in two aspects, with two main application directions. The first is asset issuance. This is actually a comprehensive disruption of Silicon Valley to Wall Street. The traditional asset issuance process is very complex, with many obstacles and typically involves many intermediaries, essentially monopolized by various investment banks or asset issuers. However, the emergence of blockchain has made asset issuance more decentralized, allowing almost anyone to issue their own assets.

For example, with the rise of meme coins, we can see that everyone can turn their influence or cultural phenomenon into an asset. This significantly lowers the barrier to asset issuance. Of course, this also brings some challenges, such as how to filter out fraudulent projects or how to identify valuable assets. Nevertheless, blockchain has made asset issuance incredibly simple and open. This is a major transformation that blockchain has brought to the global financial system and asset issuance system.

The second advantage is the transaction function. On the blockchain, transactions do not require complex intermediaries, and the entire process is public and transparent. With the rise of AMMs (Automated Market Makers), everyone has the opportunity to participate, not only in trading but also in providing liquidity. Previously, these functions were controlled by a small number of financial companies or trading platforms, but now everyone can participate. This is a fundamental change brought about by blockchain.

BlockBeats: Solana's PayFi, Sonic's DeFi, and Bear Chain's APY have all anchored an attractive direction. Similarly, as Layer 1, how does Story build its unique ecosystem culture?

Tim: Regarding community building, I think we should consider this issue from two aspects. Assuming that we really want to integrate Story with the Solana, Bera, and Monad communities, of course, these three communities, I believe, are very familiar to everyone, and many friends are building within the ecosystem. First, their time cycle is definitely longer than ours. We spent 8 months to complete the transition from the protocol layer to Layer 1. Our earliest testnet went live in August, and the first version of the testnet has just started to be utilized. To some extent, if we look at community building, we have done relatively well.

Secondly, our focus must be on intellectual property (IP). This is also why we need to build our L1 platform. You may ask, why does IP need L1? I think the simplest explanation is that sometimes when we examine the technology or its usage, we may not realize its maintenance cost. Suppose we are still at the protocol layer stage, then its overall maintenance cost is very high because we are not like cross-chain bridges or L1, which are directional services. For example, they only deploy when you need them, or because there are many competitors in the cross-chain bridge space, so in the IP field, our protocol layer does not have many competitors. This means that we must deploy the protocol layer on every chain. Suppose we now have close to 200 chains, or even 250 chains, then we must deploy on these chains to avoid potential risks.

Returning to the specific focus of our chain, I believe we should pay attention to how, now that we have a chain, we can bring the traditional artist ecosystem onto the chain to help everyone achieve IP assetization. This is also the direction we will be focusing on in the coming months. Because before we contacted some IP holders, especially in our Web2 collaborations, our biggest pain point was that they would often ask, "What successful cases do you have? I need to see successful cases, successful ROI, or successful IP so that I can better evaluate." So, when we were in negotiations with many IP holders in Japan, such as Asahi Television, Toei Animation, and companies with a large number of emoji IP on Line, their common feedback was that they must see successful cases before further cooperation can proceed.

This is also why we created our mascot IPPY and today have an NFT for sale on Color — our community manager's duck. Our first step is to understand how to hatch IP and build a successful case through these IPs to attract more existing IP to join our chain and further participate. You can also see that Arweave has already made a lot of preparations in the music sector. I still think IP is at the core of our focus.

Serena: As Tim mentioned just now, the construction of the chain and cultural sedimentation is a long process, full of ups and downs and value accumulation. Moreover, Story is currently in a very early stage, and we are constantly exploring which cultures and unique asset types people like. Many speculative directions are now being considered. From a technical perspective, Story has a unique module — the IPFi module. For example, there are many remixing functions, which are different from other on-chain assets. All assets have a narrative, and the design of the IP module allows these assets to be re-created or continuously grown through agency. After the launch, various derivatives can be derived, and this flywheel effect will be stronger, making the assets more sustainable.

Secondly, Tim also mentioned earlier that Story will initially focus on introducing top IP and creators. For example, the memecoin behind the IP also has two forms. One is a memecoin completely led by the community, such as Pnut, which has grown very rapidly. The other is a memecoin led by creators, which is more like a top-down model, driving the issuance of IP by top creators. For example, IP types like Tag Girl, Kanye West, Trump, Miranda, etc. As for the first type, memecoin completely operated by the community, it does not provide enough value support to the original creators, and usually, these creators will give up, and the project may eventually fail, becoming unsustainable.

Relatively speaking, creator-led memecoins tend to be more inclined toward a top-down approach, with many creators possibly being fickle and difficult to stabilize the community. So, how can this issue be addressed? One possible solution is to first reserve a certain proportion of tokens for the original creator and conduct appropriate verification. If indeed there is a creator or celebrity involved in this memecoin, these shares can be allocated to them. In this way, the memecoin behind the IP can more fairly distribute benefits, ensuring the long-term sustainability of the ecosystem.

Through this approach, not only can memecoins be more vibrant, but it can also drive a longer-lasting and more sustainable development of asset culture and community. This is also a significant aspect of the IPFi module and remixing, as it can bring about a more equitable distribution of benefits, enabling the entire ecosystem to develop more healthily.

Snoopy the Piper: As an L1, how should Story construct its own unique ecosystem culture? From an overarching narrative perspective, Story's features are very distinct compared to other chains. Story is a purpose-built chain, meaning that if you want to do something related to IP or AI, you wouldn't choose the "Bear Chain" as your first option but would think of Story instead.

Within this narrative, although Story's L1 work has only been in the past year, in reality, Story has been deeply involved in this field for three years. Therefore, the team has put a lot of thought and technical build into how to effectively combine IP and AI, especially in the way these technologies are integrated on the blockchain. These are also reasons why Story has been able to develop rapidly in this field—the team's profound foundation and innovativeness allow us to make such swift progress in a short period.

As an ecosystem project that has been growing with Story, we can feel the speed and depth of Story's ecosystem construction. At the core of the Story ecosystem is the ecosystem's foundation, followed by the collaborative construction of ecosystem projects and Story community members. The close collaboration between the Story Foundation and ecosystem projects is key to the rapid development of the ecosystem. For example, the partnership with PiperX has not only propelled the development of the DEX but has also provided support for the liquidity of IP assets. Story's community members possess a high degree of innovation and cutting-edge thinking, which creates a cultural atmosphere that attracts more high-quality projects and developers. By hosting hackathons, developer competitions, and other activities, Story can further inspire community creativity. The working style of the Story Foundation within and outside the entire ecosystem is fast-paced and challenging, continuously exploring new directions, and making many groundbreaking attempts. As an ecosystem project party, in our daily work, we can distinctly feel the unique culture of the Story ecosystem.

Returning to the narrative itself, in fact, our previous team and Sarina, along with other members, have done a lot of sharing, especially about why the IP+AI concept is very unique in the Story ecosystem. Story has a first-class position in this field, and many ecological projects are also developed around this direction. New assets, with real-world IP, such as BTS and BlackPink, IP-supported high-quality memecoins, are more willing to participate because of the protection of IP. Creators and DJs are more willing to participate because they have incentives to build and issue these assets, achieving efficient value capture. Story is collaborating with globally renowned IP projects, such as Asian K-pop IP and Hollywood film and television IP, further enriching the ecological content and international influence.

Additionally, AI and the token mechanism, each with a unique technical architecture, including technologies such as TCP/IP, help us achieve these goals. Therefore, Story's ecosystem culture is built on these strong foundations. These directions enable us to differentiate ourselves from other protocols or L1 within the ecosystem, focusing on more sustainable TVL and liquidity growth, and exploring truly unique assets, ultimately issuing and shaping them on the Story platform. These are key features of Story's unique ecosystem culture, as well as the differences between us and other L1 networks.

Jaqen: Regarding the development issues of Solo AI, initially, we discussed for a long time where to deploy Solo. For many projects, the first step is to think about the content: do you want to position yourself as a project focusing on the ecosystem, or do you want to aim high and build your independent chain. I think that building a culture, building an ecosystem culture, in simple terms, is to build broad user consensus based on the characteristics of your own chain.

For example, when Solana was promoted, it focused on its transaction speed and low-cost advantages, aiming to attract applications such as cross-border payments, which could bring high transaction volume and fees. Solana itself, as infrastructure, can support long-term cash flow and business models, which is one of the reasons it can attract so many users. Everyone knows that Solana has a natural advantage in cross-border payment settlement.

Those of us who have experienced the current cycle of "meme coins" should have a deep understanding that Tron, led by Sun, has a competitive advantage in the settlement layer. As far as I know, Tether seems to have a similar plan, but inevitably, everyone who does these things will carry their advantages and goals to build their unique ecosystem culture.

In fact, in doing these things, we can feel the attempts of other ecosystems, such as the frenzy around Bera BGT, where its extremely high APY has attracted a large number of users, and its core gameplay is the BERA PoL structure high-yield strategy. This fundamentally has created an appeal that surpasses Solana and other EVM-compatible chains.

Returning to the Story side, Story's logic has two distinct characteristics. The first is the incubation of its own native IP, and the second is leveraging existing real-world IP for leveraged growth. In terms of incubating native IP, Story drives user-generated content (UGC) and professional-generated content (PGC) through projects like Solo AI, which is a major highlight of Story, especially in its application in the music field.

As for existing real-world IP, Story's essence is quite evident, focusing on an IP-driven creator ecosystem. We all know that Story's founders were once involved in South Korea's Jinjiang literary platform. Based on this background, Story has a deep well of IP resources. Today, the projects Emergence and Ablo that Leo and Tim will introduce are such examples—fun, visually appealing, and practical, serving as the cornerstone of the creator economy.

Users' attention and liquidity are both very valuable. For a project to attract users to provide liquidity, there must be a target with sufficient short-term/long-term value. Users need to be able to either earn money or have fun and enjoyment—otherwise, why would they come over? Story aims to help build an ecosystem culture co-developed by retail investors and users through collaboration with these high-quality IPs and to make IP a core element of the Story ecosystem. All of these efforts ultimately aim to build a culture of consensus centered around IP to drive rapid growth of the Story ecosystem.

BlockBeats: What plans do you have for the projects you are responsible for?

Tim: Basically, as a project team, we should remain neutral. The pinned part in my tweet lists many projects on our mainnet for everyone to try. I think at this stage, we are more hoping to guide exchange users to the chain and transform them into active on-chain users. And there are also some very interesting projects, like ABLO. In fact, when I was at KPW's printing press, I also came into contact with them. At last year's KPW offline event, they brought their own printing equipment, and everyone could design and make their own clothes through their website. At that time, I also made a few pieces of clothes based on my own designs. I have always felt that this return of the printing press is very meaningful because it gives everyone the opportunity to become a creator, no matter what your background is. As long as you have good ideas, others will be willing to buy. If you can create your own clothes, you have the opportunity to be recognized in this market. So, everyone can go and play around, design, and make your own clothes.

From zero to hero, you are the designer of the new era of fashion, and such an opportunity is worth trying. Also, of course, everyone is welcome to pay attention to other projects on our platform, such as PiperX, Storyhunt, and SOLO AI, all of which are excellent ecosystem projects that everyone can experience. Lastly, what I want to say is, we are still in a very early stage, and many things are just beginning. If anyone has any ideas or suggestions, feel free to reach out to me.

Serena: Storyhunt will soon launch more incentive programs. Currently, we already have some incentive programs ongoing, in addition to the current high Farming rewards, Mimboku's APR has also reached 700%, and everyone is welcome to participate. Furthermore, the Mimboku community plan, which just started yesterday, also provides additional API Boost for Mimboku holders, and we hope Mimboku holders can also participate.

Let me focus on introducing the NFT project Mimboku. Mimboku is a project created through a collaboration with a third party, incorporating many outstanding project teams into the Mimboku family. In the future, Mimboku will launch more incentive programs, initially in collaboration with all Story projects. Through these collaborations, we hope to bring about a wealth effect, provide more opportunities for everyone, and help everyone achieve better results in multiple fields such as Meancoins, Tradfi, GameFi, and more.

In fact, Mimboku is also a community with Japanese characteristics. In Japanese, Mimboku read backward is "i m meme," meaning "I am meme." I hope everyone can pay more attention to Mimboku as we have some very exciting activities coming up, so please stay tuned.

Snoopy the Piper: We have been continuously enhancing the trading experience and bringing more high-quality assets to everyone. Our incentive feature has been online for a long time now and has entered the second season. If you have not claimed rewards for the first season yet, hurry to claim them so you can receive more rewards for the second and third seasons.

Next, we will collaborate with more large traffic entries to provide more practical incentive measures. The current platform APY is as high as 100% to 3000%, and everyone can explore these opportunities. For example, projects like WTF, Real-world IP, and others have been added to the default list for everyone to follow. If you have any product suggestions, feel free to submit them, and we will improve and address issues based on the suggestions of each community member. We hope to work together with everyone to build the ecosystem of stories in the future.

Jaqen: We have previously received some Story support, so we are deeply rooted here. We have some unique features in the music generation and AI fields, which align well with Story's cultural development. We have been preparing for a super big project, but we have not yet conducted public relations or promotion on Twitter. The main reason is that we hope to carry out large-scale promotion only after the project is ready. We will collaborate directly with some very talented artists, instead of acquiring IP distribution rights through their agencies. Our collaboration will involve AI interacting with artists, such as lip-syncing, remixing artists, and other interactive gameplay. We hope everyone will pay more attention to us. The true value of IP lies in activating it, allowing more users to participate and enjoy interactive scenarios and use cases. I believe this is the most important.

Space Link: https://x.com/blockbeatsasia/status/1894732994373734525?s=46 (first half)

https://x.com/blockbeatsasia/status/1894747748030959898?s=46 (second half)