Story (IP)

Story Protocol is a Layer 1 blockchain designed specifically to bring intellectual property management on-chain. It enables creators to tokenize IP as NFTs (IP Assets), attach programmable licenses, and automate royalty distribution through smart contracts.

Proof-of-Creativity is Story’s enshrined smart contract framework that enables IP registration, licensing, royalty management, and dispute resolution. It combines on-chain programmability with legally enforceable licensing templates.

Story Protocol uses a Proof-of-Stake consensus mechanism. Token holders delegate $IP to validators like Figment, who operate infrastructure that validates transactions and secures the network. In exchange, delegators earn staking rewards, typically distributed proportionally to their stake.

Staking rewards are paid in $IP and are generated through protocol emissions and network activity. Reward rates vary based on total network stake, validator performance, and protocol parameters.

Yes. Staked $IP is activated instantly and there is a 14 day unbonding (withdrawal) period when unstaking. During unbonding, tokens do not earn rewards and cannot be transferred. 

Yes. Story Protocol enables slashing penalties for validator misbehavior (e.g., downtime or double-signing). Delegating to a professional validator like Figment helps reduce operational risk through robust infrastructure and monitoring systems.