News/The Block/Bitcoin’s Volatility Persists, Yet Blockchain Innovations Hold Promise
Feb 7, 2025 15:56 UTC
In the midst of executive orders, rumors of a strategic cryptocurrency reserve, Elon Musk’s DOGE shaking the political world, and whispers of U.S. territorial expansion, it’s astounding to realize that the Trump administration is merely three weeks in. Concurrently, Bitcoin seems to be caught in an emotional price range, altering market mood daily. Regardless, our belief in the bright future of cryptocurrencies remains unshaken.
Our recent discussion with Jason Zhao, the Co-Founder of Story Protocol, reinforces our optimism. Zhao’s fervor and confidence in unlocking trillions in intellectual property (IP) value through blockchain is indeed captivating. While debates on high-tech aspects like decentralization, zero-knowledge proofs, scaling solutions have largely monopolized the crypto discourse in the past, Story Protocol is shifting the focus towards a different kind of creator, and the potential of migrating their IP and assets to the blockchain is genuinely exciting.
Zhao emphasized the involvement of Hollywood filmmaker David S. Goyer (“Blade,” “The Dark Knight” trilogy) and his latest endeavor, “Emergence.” This project, which shares its name with what we believe to be the most impactful crypto conference ever, could revolutionize creative collaboration. “Emergence” aims to involve fans, creative individuals, and even AI in broadening its sci-fi universe and participating in its success. Blockchain enables every contributor to trace their inputs, enabling fans and artists to enjoy, create, and profit from their activities – all powered by programmable IP.
This signifies more than just a novel use case; it represents a possible shift in paradigm. Cryptocurrencies have often found it challenging to reach beyond their sphere of traders, risk-takers, and, to be frank, fraudsters. However, by enabling creators to embed terms into their IP and simplify access for licensors, Story Protocol is paving the way for a completely new audience. We are keen to see where this journey leads and are thrilled to be part of it.
Stay tuned with The Block’s Frank Chaparro for the latest updates, charts, trends, and perspectives on cryptocurrencies and DeFi from The Block, Twitter, and The Scoop podcast. Sign up for The Scoop newsletter delivered on Tuesdays and Fridays. Listen to The Scoop on Youtube, Apple, Spotify, Google Podcasts, Stitcher or your preferred podcast platform. For feedback and revision requests, reach out to [email protected].
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