🔎 Coins Research — Stories (IP) — 14 January 2026

TL;DR

• Idea: Programmable intellectual property blockchain enabling on-chain licensing and monetization of IP assets.
• Catalyst: Recent partnerships (e.g. Lombard Finance integration) and 36% weekly price surge driven by renewed investor interest in IP infrastructure.
• Risks: Low on-chain activity and high fully diluted valuation present execution risks; competition from established Layer-1 platforms and rollups; regulatory uncertainty around tokenized IP.
• Score: 7.00/ 10

Coin

• Name/ Ticker: Story (IP)
• Segment: Layer 1
• Status: live
• Price: $3.940000

Key Metrics

• Market Cap: $1 371 378 946
• FDV: $4 022 320 284
• Circulating Supply: 348 427 501
• Total Supply: 1 021 954 588

Sources

1. https://www.coingecko.com/en/coins/story
2. https://messari.io/project/story-protocol

Technology

• USP: First blockchain purpose-built for programmable intellectual property assets using a Proof-of-Creativity protocol.
• Core Technology: Modular multi-core execution environment with EVM compatibility built on Cosmos SDK and CometBFT; specialized IP core for efficient IP asset operations.

Roadmap

• 2025-02-05: Whitepaper Release
• 2025-02-19: Mainnet Launch and Tokenomics Reveal
• 2025-10-22: Story Protocol v1.3.3 Release
• 2025-12-24: Story-Geth v1.2.0 Release
• 2026-01-15: Network Upgrade v1.2.0 (Bybit Support)

Team & Investors

Team

• CEO & Co-Founder — Seung Yoon Lee:
• Co-Founder — Jason Levy:
• Co-Founder and CEO — Seung Soo Kim:
• Co-Founder — Jason Zhao:

Investors

• Andreessen Horowitz — Series B • 2025-01-23 • $80.00M
• Polychain
• Paris Hilton's 11:11 Media
• Foresight Ventures
• Samsung NEXT Ventures

Total funding: $216.00M

Tokenomics

• Utility: Gas token, staking rewards, governance.
• Vesting: Initial 25% unlocked at TGE, remainder under vesting schedule.

Pros & Cons

Strengths

• Purpose-built for IP management
• Strong VC backing
• Full EVM compatibility
• Modular multi-core architecture
• Low fees and high throughput
• Cosmos SDK & CometBFT security
• Built-in IPFi potential for real-world asset integration

Weaknesses

• Low on-chain activity and user engagement
• High fully diluted valuation relative to TVL
• Competition from established L1 platforms and rollups
• Regulatory uncertainty around IP tokenization
• Fragmented liquidity in Cosmos ecosystem
• Potential centralization via large VC holdings
• Security risks from third-party dApps

Market Signals (7d)

• CEX volume trend: up
• Active addresses trend: down

Price Scenarios (target: 2026-07-14)

• Bear: $2.500000 — Assumes 20% downside from current levels based on recent price volatility and low on-chain activity.
• Base: $5.000000 — Projected based on aligning market cap to 0.5% of global Layer-1 blockchain market share by target date.
• Bull: $10.000000 — Assumes adoption growth to 1% of global Layer-1 blockchain market share and successful IPFi integration into DeFi protocols.

How to Buy & Store

CEX

• Upbit
• OKX
• Gate.io
• Bybit
• Bitget

DEX

• Uniswap V3 (via Ethereum bridge)
• PancakeSwap (via BNB bridge)
• Story Portal native DEX
• Curve (via EVM bridging)
• 1inch

Storage

• Ledger Nano S/X
• Trezor Model T
• MetaMask
• Story Wallet
• Trust Wallet

Verdict

Story Protocol offers a unique IP-focused Layer-1 with strong funding and novel technology, but faces adoption hurdles and valuation risks; suitable for medium-term speculative portfolios.

Official Links

• Whitepaper
• GitHub
• Messari