PIP Labs, the developer of Story, an IP blockchain platform leading the AI era, announced that Allora Network (Alora), an AI network with self-improvement capabilities, has joined the Story ecosystem.
Story is a blockchain platform that tokenizes knowledge in the AI era as IP to protect, share, and monetize it, enabling automated monetization not only for humans but also for AI agents. Alora is an ML model-based AI network with functions such as crowdsourcing, learning reinforcement, and self-improvement. This collaboration will enable developers and creators to build decentralized applications (dApps) and AI agent infrastructure more efficiently and manage IP by utilizing Alora’s advanced AI network on the Story platform.
In particular, it will enable more intelligent management of IPs within the story platform. Alora's AI model analyzes industry trends and user engagement to analyze the market value of creative works. Based on the insights provided by Alora, creators on the story platform will be able to make accurate decisions regarding IP-related licensing, collaboration, and distribution. It will also provide real-time price information on low-liquidity digital assets such as non-fungible tokens (NFTs), real-world assets (RWAs), carbon credits (CCTs), and real estate tokens, thereby increasing the transparency and efficiency of IP transactions.
Alora's AI-based analysis capabilities are also expected to be greatly utilized in the development of applications that enhance user experience. Based on analysis data, personalized content recommendations and user engagement enhancement functions can be added to applications and operated strategically. In addition, AI-based prediction data covering price, volatility, liquidity, and interest rates support the design of sophisticated profit strategies, and Alora utilizes various types of risk management models, which also enhances the safety of the story platform. Through this, developers and creators can fairly generate profits based on the IP contribution of applications and contents on the story platform.
“This partnership will be a groundbreaking turning point that will maximize the synergy of AI and IP in the Web3 environment,” said Jason Zhao, co-founder of PIP Labs. “Alola’s decentralized network with self-learning capabilities and story platform will work together to continue to innovate in the fields of creation and development.”
Meanwhile, PIP Labs, established in San Francisco, USA, is a core developer of stories. It was co-founded by Jason Zhao, a 22-year-old from Google AI subsidiary DeepMind, and has attracted a total of $140 million (about 190 billion won) in investment. In particular, the world's largest venture capital Andreessen Horowitz (a16z) led three consecutive investment rounds, which is a very rare case, with Coinbase being a representative example. The company's current value is $2.25 billion (about 3 trillion won).
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