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Right now, people don't do the right thing because it's it's the more complicated way to do it. Right? If I wanna legally license something, it's it's a pain in the ass. It's it's it's a big friction point. If I can just click a button and have it licensed, I'm much more inclined to do it because I know I'm gonna save myself a ton of headache.
Nothing said on 0 x research is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Ryan, and our guests may hold positions in the company's funds or projects discussed. What's up, guys? Welcome back to another episode of Xerox Research Today. I'm joined by Jason and Andrea from, Story Protocol. Thanks for coming on, guys. Thanks
for having us. Excited for this. Before
we get started, do you guys wanna give a background on what you guys are building over at Story?
Yeah. Definitely. So, I'm Jason, one of the cofounders of Story. Andrea is our, head of DevRel, and you might know him as DevRelius on Twitter. So this is yeah. He he does look like a Roman emperor, but not quite as stoic. In terms of what we're building at story, so story is a purpose built layer 1, and we're very, very focused on doing something I think blockchains haven't done for a while, which is bring an entirely new type of asset class on chain. So our our belief at story is that, you know, the killer application of blockchains is creating unstoppable programmable digital markets, and,
Andrew, do you have anything you wanna add? Or
I mean, honestly, I think, I'll I'll just try to distill what Jason just said just as to, like, reiterate it. But every IP is now an API. Right? And AI can now use IP confidently knowing exactly what terms are there, and they can do that programmatically. So you can if you were to consider the corpus of potential data as, you know, imagine them being, like, programmable states. You can condition your search on of what data to train on based on what is sufficiently licensable, versus, you know, asking for forgiveness later, which is the default model that, models use, which is they gobble up ev
That makes sense. So I wanna kinda take it a bit from, I guess, the beginning. When I am dealing with a centralized party, let's say I wanted to how would that process work? I I hold the IP that I want to sell versus, like, from a very basic overview level, how would it work on story protocol? Yeah.
Happy to run through that, and I can you know, I'm I'm gonna anonymize the examples here because I don't want to expose any of our partners, but, let's just say I'm a centralized IP company. Right? And what I mean by just using general example because it could be, you know, something like a a magazine, right, that sells its IP or its brand. It could be like a Hollywood studio. It could be a pharma company, but let's just assume, like, this generic company that most of the revenue comes from IP. So what I've heard in many different instances from many different industries of IP is that, let's s
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