Grayscale, a company specializing in digital asset management, today launched Grayscale Story Trust, an investment fund focused on cryptocurrency stories (IP), expanding its portfolio of over 25 crypto investment products.
This trust Certified investors can get direct exposure to price fluctuations in token IPsupports Story Protocol Project. This is the details of the statement.
The Story Protocol is a Layer 1 layer compatible with Ethereum Virtual Machine (EVM) designed to convert intellectual property into real-world assets (RWA). On this platform, creators as artists or content producers can register their works as non-permitted tokens (NFTs) under the ERC-721 standard.
These assets are linked to accounts that automatically manage permits and loyalty through intelligent agreements, encouraging rights management.
On top of that, The Story Protocol allows intellectual property such as music, videos, personal images, audio data. It is traceable, viable, and monetized over the network. Grayscale points out that the system integrates a framework that incorporates NFTs directly into their digital assets with logic, attribution rules and licensing royalty flows in line with intellectual property law.
Token IP, on the other hand, shows outstanding performance in the market. Cryptoactive recorded a price rise of 18% over the past weektransitioning from 5.35 to $6.26, consolidating itself as the second cryptocurrency (after Ecena) with the highest increase in the past seven days, with the largest market capitalization of less than 100.
Cryptonoticias reported last April that it was one of the 20 cryptocurrencies with the highest performance potential by 2025, according to a Grayscale quarterly analysis.
Grayscale Story Trust works like other investor trustees of the company’s unique assets, investing solely in Story Protocol IP tokens. Currently, the fund is open for daily subscriptions, but only accredited investors, both individuals and institutional, who meet the requirements of Rule 501(a) of Rule D of the Value Act, 1933.