Story Protocol, a blockchain-based IP-tracking platform, has partnered with the AI startup Ritual to let builders create AI fashions and observe their outputs on-chain.
Story Protocol raised greater than $54 million final 12 months from the likes of Andreessen Horowitz and Paris Hilton’s 11:11 media, and it’s at present 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 12 months from the likes of Andreessen Horowitz and Paris Hilton’s 11:11 Media, Story Protocol, a blockchain-based platform centered 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 observe 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 stated in an announcement. In line with Story Protocol co-founder Jason Zhao, a brand new software program growth package (SDK) can also be within the works that may enable 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 observe of their IP to make sure it’s paid for when used and correctly attributed. At the moment in beta testing on Ethereum’s Sepolia check community, Story Protocol was a cat-nip for buyers final 12 months with its pitch infusing the “code-is-law” tenants of blockchain with broad overtures towards Web3 and the creator financial system.
Its partnership with Ritual, a decentralized computing platform that raised $25 million final 12 months in a bid to assist builders construct and run AI fashions, comes as AI discuss is dominating the crypto realm together with the broader tech trade. Investor cash is flooding sooner than ever into AI-linked blockchain initiatives, and a brand new class of “AI Tokens” has surged not too long ago 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 would possibly current the crypto trade with its surest guess but in the direction of seizing hype round each sectors.
“Despite the fact that we have introduced media on-chain, we’ve not introduced IP on-chain, as a result of IP is rights plus media. It is not simply media alone,” stated Zhao, who labored as a product supervisor at Google’s Deep Thoughts AI lab earlier than beginning Story Protocol. In line with Zhao, Story Protocol has launched “programmable IP” by “permitting individuals to connect the form of guidelines for engagement and the rights to every piece of IP on-chain in order that it might transfer throughout completely different apps and completely different platforms.”
With Story Protocol, Zhao says the foundations governing how IP must be used and paid for could be hard-coded into sensible contracts. Zhao says these contracts will help individuals create by-product works from IP with out concern of infringement and may guarantee IP holders get mechanically 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 normal pen and paper world,” stated Zhao.
The primary venture to benefit from the Ritual-Story partnership will probably be MyShell, a generative platform that individuals 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 stated in its assertion.
