Coinbase Adds Experimental Label to Newly Launched IP Token

Coinbase has introduced trading for a newly launched token tied to a layer-1 blockchain designed to manage intellectual property (IP).

Story, a blockchain network built for IP management, has officially launched its mainnet. The platform offers rights holders a way to register their intellectual property, set usage terms, and generate revenue through its application ecosystem.

According to Story’s announcement, traditional IP frameworks struggle to keep up with the rapid expansion of artificial intelligence. AI-driven content generation has made it difficult for creators to track and monetize their work, while centralized platforms impose high costs on licensing and transactions. The current system leaves IP owners without proper attribution or compensation, and even AI firms themselves face challenges in securing countless individual licensing agreements.

Story aims to reshape how IP functions by establishing a decentralized marketplace where intellectual property can be exchanged, owned, and monetized as a programmable asset. The blockchain-based network is designed to facilitate seamless transactions without the need for intermediaries.

As of now, Story’s native IP token is trading at $2.08, having dropped over 18% on its first day. It currently ranks as the 158th-largest cryptocurrency by market capitalization.

Coinbase has classified the token as “experimental,” signaling that it carries potential risks such as volatility and limited liquidity, which could lead to price fluctuations and trade cancellations.