Story frees intellectual property from its current constraints by onramping it to the blockchain. However, finding a technological foundation that is able to power a vision of this magnitude is a challenging task, even despite the abundance of layer 1 and layer 2 solutions in the web3 sector. That's because the nature of IP pushes the boundaries of blockchain technology.

Free-flowing, programmable IP as enabled by Story quickly forms complex relationships as creators register, remix and monetize their work, and other users leverage these IPs for use cases like IPFi. Traversing these complex networks of countless parent-child relationships quickly and cost-efficiently has proven to be impossible on existing layer 1 blockchains.

That’s why Story set out to build the world’s IP blockchain - a layer 1 solution that treats intellectual property as a first class citizen while ensuring fast interactions and low costs.

Story Network is a general purpose layer 1 blockchain achieving the best of EVM and Cosmos SDK. It was built to handle complex data structures like intellectual property networks by implementing a graph-like data storage into the execution layer and natively enshrining a Proof-of-Creativity Protocol. This way, big networks of IP relationships can be traversed quickly and cost-efficiently. This is the fundamental cornerstone powering Story’s core IP features like permissionless licensing and automated royalty payments, that would be infeasible on other layer 1 or layer 2 solutions.

While implementing essential features that boost the handling of complex data, Story Network's execution environment is EVM-equivalent, allowing developers to take their existing applications written in Solidity over to Story. This makes Story a general purpose platform with the addition of key innovations and optimizations to support complex relational use-cases, where any kind of application can tap into the global IP layer as needed.

Due to the single slot finality implemented at the consensus layer, transactions are happening instantly, providing a great user experience across the entire ecosystem. The extensive toolings like our SDKs provide a straightforward developer experience, ready to onboard the next hundreds of teams building IP-centric applications.