The fusion of creativity and technology has given birth to a groundbreaking collaboration between Ritual and Story Protocol, leading the way to a revolution in AI model creation and tracking. Following a substantial investment of $54 million from notable backers like Andreessen Horowitz and 11:11 Media, Story Protocol, a blockchain-based intellectual property rights platform, has formed an alliance with AI startup Ritual, ushering in a new dawn for creators in the realm of artificial intelligence.
The strategic partnership between Ritual and Story Protocol is set to empower developers to design AI models and monitor their outputs through the secure framework of blockchain technology. By leveraging advanced watermarking methods and a software development kit (SDK), builders utilizing Ritual’s platform will be able to register their models as IP Assets on Story Protocol, ensuring the authenticity and ownership of AI-generated content.
Story Protocol acts as a programmable layer for intellectual property, enabling creators to oversee the usage of their IP assets, establish rightful attribution, and facilitate revenue sharing. Currently undergoing beta testing on Ethereum’s Sepolia test network, Story Protocol has captivated the investment sector by merging blockchain’s “code-is-law” doctrine with Web3 and the emerging creator economy.
Ritual, a decentralized computing platform that raised $25 million, offers developers a robust ecosystem for crafting and operating AI models. This partnership emerges at a pivotal moment when artificial intelligence is gaining traction within the crypto and tech industries. The infusion of investor funds into AI-linked blockchain ventures has given rise to the concept of “AI Tokens,” with companies such as Nvidia witnessing exponential growth.
The collaborative effort by Ritual and Story Protocol aims to introduce a paradigm shift by bringing IP rights onto the blockchain, ushering in a new era of safeguarding intellectual property. By combining their expertise in AI and blockchain technology, the leaders of Ritual and Story Protocol envision harnessing the burgeoning enthusiasm surrounding these dynamic sectors.
Story Protocol’s co-founder, Jason Zhao, stressed the significance of IP rights within the blockchain landscape. By enabling individuals to define rules and rights for each piece of IP on the blockchain, Story Protocol facilitates seamless transfer across numerous applications and platforms. Drawing from his experience as a product manager at Google’s Deep Mind AI lab, Zhao believes that smart contracts can revolutionize IP protection, ensuring creators are fairly compensated for their efforts and opening avenues for derivative works without the fear of infringement.
The inaugural project set to leverage the collaboration between Ritual and Story Protocol is MyShell. MyShell serves as a platform where users can fashion AI applications and chatbots centered around fictional characters. By hosting their models on Ritual and registering them as IP Assets on Story Protocol, creators on MyShell gain autonomy over their AI implementations, allowing for effective attribution, authorized alterations, and revenue sharing captured securely on the blockchain.
In conclusion, the partnership between Ritual and Story Protocol represents a pivotal moment in the convergence of AI and blockchain technologies. Through their synergistic approach, these innovative enterprises aim to develop a robust solution for AI model creation and tracking, reshaping the landscape of intellectual property protection and monetization.
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The source of the article is from the blog agogs.sk