{"id":150800,"date":"2023-09-06T16:53:15","date_gmt":"2023-09-06T11:23:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=150800"},"modified":"2023-09-06T16:53:15","modified_gmt":"2023-09-06T11:23:15","slug":"paris-hilton-a16z-back-ip-ownership-network-story-protocol-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/paris-hilton-a16z-back-ip-ownership-network-story-protocol-crypto-news\/","title":{"rendered":"Paris Hilton, a16z back IP ownership network Story Protocol – Crypto News"},"content":{"rendered":"
\n

The new blockchain-based IP ownership network Story Protocol closed<\/a> a $54 million funding round on Sept. 7, which included investments from big names like Paris Hilton\u2019s 11:11 Media, and Andreessen Horowitz, also known as a16z.\u00a0<\/p>\n

The platform uses blockchain technology to help content creators oversee and monetize their content in the face of fakes generated by artificial intelligence (AI). It plans to serve as a blockchain-based IP ownership repository for all types of content including text, image and audio. <\/p>\n

If artists eventually register with the protocol they can use connected services to sell the licensing rights for various other uses. <\/p>\n

The other co-founder of the project Seung-Yoon Lee estimated that in \u201cin a year or two the level of remixed content through GenAI is going to be so much higher.\u201d<\/p>\n

\u201cIn a world of total abundance catalyzed by generative AI, blockchain technology presents the perfect solution for transparent provenance tracking and fair attribution.\u201d<\/p><\/blockquote>\n

The round was led by Andreessen Horowitz, who also received equity in the company and the right to buy digital tokens if issued by Story Protocol, according to a spokesperson from the company. <\/p>\n

Story Protocol also received backing from Hashed, Endeavor, David Bonderman – the\u00a0founder of TPG Capital- and Samsung Next.<\/p>\n

The company\u2019s co-founder Jashon Zhao said the funds will go towards the launch in the first half of 2024. <\/p>\n

Related: <\/u><\/em><\/strong>YouTube releases \u2018principles\u2019 for working with music industry on AI tech<\/em><\/strong><\/a><\/p>\n

The battle against deep fakes and copyright-infringing content at the hands of generative AI has been of major concern for the entertainment industry. <\/p>\n

Universal Music Group (UMG) has been campaigning for streaming platforms such as Spotify<\/a> to be vigilant about removing content that misuses copyrighted work. <\/p>\n

Shortly after UMG\u2019s email was dispersed, Spotify announced it would be increasing its policing<\/a> across the platform and actively began to remove content in violation of copyright rules. <\/p>\n

Most recently, it was revealed that UMG and Google were in negotiations<\/a> over how to manage deep fakes, along with how to best license melodies and vocal tracks that can be used in AI-generated songs. <\/p>\n

Magazine: <\/em><\/strong>BitCulture: Fine art on Solana, AI music, podcast + book reviews<\/em><\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The new blockchain-based IP ownership network Story Protocol closed a $54 million funding round on Sept. 7, which included investments from big names like Paris Hilton\u2019s 11:11 Media, and Andreessen Horowitz, also known as a16z.\u00a0 The platform uses blockchain technology to help content creators oversee and monetize their content in the face of fakes generated […]<\/p>\n","protected":false},"author":2,"featured_media":150801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-150800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=150800"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150800\/revisions"}],"predecessor-version":[{"id":150806,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150800\/revisions\/150806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150801"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}