Story Token Surges 164% in First Week, Joins Stanford's Digital Currency Initiative
1min read A newly launched native token of a layer-1 blockchain focused on intellectual property (IP) has experienced a remarkable surge in its first week, climbing by 164% in price. Story (IP), which debuted on February 13th at a listing price of $2.26, is now trading at $5.98, representing a significant increase in value.
Story's impressive performance has propelled it to the 71st-largest crypto asset by market capitalization, with a nearly 120% surge in the past 24 hours alone. The project aims to serve as a scalable intellectual property solution, enabling rights holders to upload IP, set terms of use, and monetize it within the protocol's application ecosystem.
In a significant development, Story announced on Monday that it had joined Stanford University's Future of Digital Currency Initiative (FDCI). This collaboration will see Story's engineering team assist Stanford FDCI in addressing open research problems in blockchains, thereby accelerating Story's roadmap. The project will support Stanford FDCI in research areas such as high-throughput concurrent processing, seamless integration with Story's existing multi-core architecture, and hardware-level smart contract execution with robust verification.
Story also published its technical roadmap on Thursday, outlining a comprehensive network upgrade in the third quarter of the year. This upgrade aims to improve performance and governance, further solidifying Story's position as a leading IP-focused blockchain.
