Story, IP Blockchain Platform, and OKX Ventures have announced a $10 million fund aimed at driving startup growth at the intersection of intellectual property (IP) and artificial intelligence (AI). The initiative is designed to provide essential capital, distribution channels and technical expertise to early stage projects.
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As AI continues to evolve, the need to protect intellectual property has become more pressing than ever. Today’s AI models often use a wide range of creative works, from fan fiction to chart topping albums without proper approval or consent, leaving creator vulnerabilities. At the same time, generative AI companies face challenges in sourcing professional training data, a critical component of developing advanced AI products.
The purpose of Story is to address these issues by creating a programmable IP layer that converts intellectual property into on-chain assets. This new framework allows developers and creators to effectively protect, license and monetize IP, promoting a more sustainable ecosystem where both creators and AI systems can thrive.
Targeting approach to fundraising innovation
As of May 20, 2025, the newly established fund priced at $IP will focus on support builders tackling real issues related to IP and AI. Key areas of interest include:
IP As Real World Assets: Unlock new revenue streams for rights holders in various domains, including developing models to finance startup IP, music, film, patents and more.
An innovative monetization model: a framework that enables programmable ownership and embeds attribution and licenses in IP.
AI and Data Licensing: Supports infrastructure that supports distributed AI systems and applications to procure specialized training data.
Programmable IP Application: A platform that transforms stories and characters into tradeable assets, enabling joint world building and community engagement.
Rather than adhering to a strict accelerator model, the fund is co-managed by Story and OKX Ventures to ensure a joint approach to project evaluation and selection. Investments are selective and continuous.
Vision for the future
Jeff Ren, founder of OKX Ventures, highlighted the selective nature of the fund, saying, “We are not trying to fund thousands of projects. We are looking for the right projects.” He expressed his enthusiasm for the story’s mission to create the basic infrastructure of IP-native Internet.
Added Andrea Muttoni, president of Story Foundation.
“In an age where AI-generated content is abundant, encouraging originality is important. The fund is dedicated to supporting innovative founders who are tackling these challenges head on.”
Andrea Muttoni, president of Story Foundation
The startups chosen for fundraising benefit from:
Access to capital
Marketing and distribution support
Technical guidance from the story team
Connecting with OKX teams from various sectors
Apply now
Early stage innovators interested in the StoryX OKX Venture Fund are encouraged to apply and participate in the movement to reconstruct the future of the IP of the AI landscape.
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About Story Foundation
Story is a blockchain designed to make intellectual property programmable. By converting an embedded right IP into a digital asset, stories can seamlessly protect, license, and monetize your work to creators and AI systems. As the foundation of IP’s evolution into Internet-native asset classes, Story promotes a more equitable and sustainable creative economy. For more information, see Story.Foundation.