After securing $54 million in funding from prominent investors such as Andreessen Horowitz and 11:11 Media, Story Protocol, a blockchain-based intellectual property (IP) rights platform, has joined forces with AI startup Ritual to provide a groundbreaking solution for creators in the field of artificial intelligence.
The collaboration between Ritual and Story Protocol aims to enable builders to develop AI models and track their outputs on the blockchain. Through this partnership, Ritual will utilize Story Protocol to authenticate the origin and ownership of AI-generated content. By leveraging advanced watermarking schemes and a software development kit (SDK), developers using Ritual will be able to register their models as IP Assets on the Story Protocol platform.
Story Protocol positions itself as a programmable IP layer, empowering creators to monitor the usage of their IP assets, ensuring proper attribution, and facilitating revenue sharing. Currently in beta testing on Ethereum’s Sepolia test network, Story Protocol garnered significant attention in the investment community by combining the principles of blockchain’s “code-is-law” philosophy with Web3 and the creator economy.
Ritual, a decentralized computing platform that raised $25 million in funding, offers developers a platform to construct and operate AI models. This partnership comes at a time when artificial intelligence is gaining prominence within the crypto and tech industries. The influx of investor capital into AI-linked blockchain projects has led to the rise of “AI Tokens,” with companies like Nvidia seeing exponential growth.
The collaboration between Ritual and Story Protocol endeavors to bring IP rights on-chain, introducing a new paradigm for securing intellectual property. By integrating their respective expertise in AI and blockchain technology, the leaders of Ritual and Story Protocol anticipate harnessing the excitement surrounding these industries.
Story Protocol’s co-founder, Jason Zhao, emphasized the importance of IP rights in the blockchain space. By allowing individuals to establish rules and rights for each piece of IP on the blockchain, Story Protocol enables seamless transfer across various applications and platforms. Zhao, who previously served as a product manager at Google’s Deep Mind AI lab, believes that smart contracts can revolutionize IP protection, ensuring creators receive compensation for their work and allowing for the creation of derivative works without fear of infringement.
With the Ritual-Story partnership, the first project to take advantage of their collaboration will be MyShell. MyShell is a platform where users can build AI apps and chatbots centered around fictional characters. By hosting their models on Ritual and registering them as IP Assets on Story Protocol, creators using MyShell gain control over their AI use cases, enabling attribution, authorized remixing, and revenue sharing to be effectively captured on the blockchain.
In summary, the partnership between Ritual and Story Protocol marks a significant milestone in the integration of AI and blockchain technology. By combining their strengths, these innovative companies aim to create a robust solution for AI model creation and tracking, revolutionizing the way intellectual property is protected and monetized.
FAQ
What is Story Protocol?
Story Protocol is a blockchain-based platform that focuses on intellectual property rights. It allows creators to securely track and monetize their IP assets by leveraging the principles of blockchain technology.
Who is Ritual?
Ritual is an AI startup that provides a decentralized platform for developers to build and operate AI models. With advanced capabilities, Ritual empowers creators to explore the potential of artificial intelligence.
What is IP Asset?
IP Asset refers to an intellectual property asset, which can include any creation of the human intellect, such as inventions, artistic works, and designs.
How does the partnership benefit creators?
The partnership between Ritual and Story Protocol enables creators to gain control over their AI use cases. It ensures proper attribution, authorized remixing, and revenue sharing, all of which are captured on the blockchain.
What is MyShell?
MyShell is a generative platform that allows users to build AI apps and chatbots. By leveraging the capabilities of both Ritual and Story Protocol, creators using MyShell can develop their AI models while maintaining ownership and control over their intellectual property.
Definitions:
– Blockchain: A decentralized digital ledger that records transactions across multiple computers.
– Intellectual Property (IP) rights: Legal rights that protect creations of the human intellect, such as inventions, artistic works, and designs.
– AI (Artificial Intelligence): The simulation of human intelligence in machines, enabling them to perform tasks that typically require human intelligence.
What is Story Protocol?
Story Protocol is a blockchain-based platform that focuses on intellectual property rights. It allows creators to securely track and monetize their IP assets by leveraging the principles of blockchain technology.
Who is Ritual?
Ritual is an AI startup that provides a decentralized platform for developers to build and operate AI models. With advanced capabilities, Ritual empowers creators to explore the potential of artificial intelligence.
What is IP Asset?
IP Asset refers to an intellectual property asset, which can include any creation of the human intellect, such as inventions, artistic works, and designs.
How does the partnership benefit creators?
The partnership between Ritual and Story Protocol enables creators to gain control over their AI use cases. It ensures proper attribution, authorized remixing, and revenue sharing, all of which are captured on the blockchain.
What is MyShell?
MyShell is a generative platform that allows users to build AI apps and chatbots. By leveraging the capabilities of both Ritual and Story Protocol, creators using MyShell can develop their AI models while maintaining ownership and control over their intellectual property.
For more information on blockchain and intellectual property rights, you can visit the U.S. Copyright Office website.
The source of the article is from the blog bitperfect.pe