Grayscale, a firm specialized in digital asset management, launched today the Grayscale Story Trust, an investment fund focused on the cryptocurrency Story (IP), expanding its portfolio of more than 25 cryptoactive investment products.
This trust Allows accredited investors to obtain direct exposure to the price variations of the token IPwhich supports the Story Protocol project, details The firm in a statement.
Story Protocol is a layer of layer 1 compatible with the Ethereum Virtual Machine (EVM), designed to transform intellectual property into real world assets (RWA). On this platform, creators, as artists or content producers, can register their works as non-fungible tokens (NFT) under the ERC-721 standard.
These assets are linked to an account that manages permits and royalties automatically through intelligent contracts, facilitating the administration of rights.
Besides, Story Protocol allows intellectual property, such as music, videos, personal images or voice data, Be traceable, executable and monetizable in the network. Grayscale points out that the system integrates a framework where NFT incorporates licenses logic, attribution rules and royalty flows, aligned with intellectual property legislation, directly in digital assets.
On the other hand, the Token IP has shown remarkable performance in the market. The cryptoactive, registered a 18% increase in its price during the last weekmoving from 5.35 to $ 6.26, consolidating itself as the second cryptocurrency (after Ethena) with the highest increase in the last seven days within 100 with the largest market capitalization.
Cryptonoticias reported last April that Story is among the 20 cryptocurrencies with the highest performance potential by 2025, according to the quarterly analysis of Grayscale.
The Grayscale Story Trust operates like other investment trustees of the firm’s unique assets, investing exclusively in the Story Protocol IP tokens. Currently, the fund is open for daily subscriptions, but only for accredited investors, both individual and institutional, which meet the requirements of rule 501 (a) of the regulation D of the Values Law of 1933.
