Odaily News PIP Labs, the core contributor team of Story, an intellectual property blockchain, announced the completion of a $80 million Series B financing led by a16z crypto. Polychain participated as a strategic investor. Other investors include Scott Trowbridge, senior vice president and board member of Stability AI, Adrian Cheng, founder of K11, and digital art collectors Cozomo de'Medici, No Capital, etc. The new round of financing brings PIP Labs' total financing to $140 million. Chris Dixon, founder and managing partner of a16z crypto, said: "PIP Labs is building the infrastructure needed for a new economic contract in the AI era. Story Protocol can ensure that creators who provide IP to AI systems are compensated. SY is a reliable innovator and we are happy to support his grand vision by leading the company's third round of financing." Story Protocol is the world's first intellectual property blockchain, designed to tokenize trillions of intellectual property assets and unlock the infinite creativity of programmable IP+AI. Currently, the number of IPs on the Story Protocol chain has exceeded 20 million, and more than 200 teams are building applications such as IPFi, AI, and consumer markets.