Latest news with #StoryProtocol
Yahoo
07-05-2025
- Business
- Yahoo
Exclusive: Rarible co-founder says NFT bubble is over, names two major narratives
NFTs may no longer be at the top of every headline, but according to Rarible co-founder Alexander Salnikov, their next chapter is only just beginning. Speaking with TheStreet Roundtable's Mehab Qureshi, Salnikov outlined how NFTs are evolving beyond hype into real-world applications that could define the next era of digital ownership. Addressing the so-called NFT stagnation post-2021, Salnikov noted, 'NFTs in 2021 had two components. First, the fundamental component of what NFTs actually are... and then the big 90% bubble on top of that was just speculative.' That speculative wave, he said, has now shifted to memecoins — but the true utility of NFTs remains strong and is growing. Interestingly, the global NFT market cap peaked at $13 billion in 2021 and has since declined to $3.2 billion, according to CoinGecko. So, what should NFT holders expect next? According to Salnikov, two major narratives are forming. Consumer applications 'We will see lots of consumer applications like social networks, messengers, games — all of that will use NFTs,' Salnikov explained. Lower blockchain fees and scaling solutions like Ethereum rollups are enabling mass adoption. 'The goal... would be how do we create blockchain that can handle a hundred million users,' he said. This scalability is fueling investor interest. 'Many VCs are funding consumer applications today because they expect this to be the next five years' narrative,' Salnikov added. Tokenized IP Another major trend is tokenized intellectual property. Projects like Story Protocol and CAMP Network aim to put real-world IP on-chain to track and trade usage — especially critical in the age of AI. 'By putting IP on chain in the form of NFTs, you make it programmable so you can track IP more effectively when it's getting reproduced by AI,' added Salnikov. While AI agents are reshaping many sectors, their integration with NFTs is still niche. 'The intersection between NFTs and AI agents is small,' Salnikov admitted. One notable case involved an AI agent being paid to wear an NFT as an avatar. 'They buy NFTs... to say that, okay, I'm the part of this community.' As Salnikov sees it, the flashy speculation is over — and what's left is a real foundation for the future of digital ownership.
Yahoo
01-05-2025
- Business
- Yahoo
Crypto Investment Firm Dao5 Raises $222M Fund to Back Institutional Blockchain Adoption
Crypto investment firm dao5 raised a $222 million fund to invest in blockchain projects targeting institutional and government adoption. The fund brings the firm's total assets under management to $550 million. Founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, dao5 made early bets on projects including Story Protocol, Bittensor, Berachain and EigenLayer. The firm's first fund, launched during the final days of the last bull market three years ago, was fully deployed and has already returned 'the vast majority of commitments to its limited partners,' according to a press release shared with CoinDesk. 'Crypto is entering its adolescence phase. The industry's dependency on pure speculation as the driver of growth is no longer as effective as it once was,' Salimi said. Future success will be a product of 'the real integration of blockchain technology into global financial, governmental, and private sector systems,' he said. The new fund's focus is on-chain public infrastructure, novel stablecoin systems and 'state-sovereign artificial intelligence.' In tandem with the fundraise, the firm plans for its dao5 fund to convert into a decentralized autonomous organization later this year. To support its expansion, the firm added George Lambeth, who previously backed projects like Avalanche and Celestia, as General Partner. Sign in to access your portfolio
Associated Press
16-04-2025
- Business
- Associated Press
IPX (IP Exchange) Has Been Listed on LBank Exchange
Road Town, British Virgin Islands--(Newsfile Corp. - April 16, 2025) - In a significant move for cryptocurrency enthusiasts, LBank Exchange, a premier global digital asset trading platform, has listed IPX (IP Exchange) on April 13, 2025. The IPX/USDT trading pair ( ) is now available to users of LBank Exchange, seeing a remarkable increase of 190,600% since listing. [ This image cannot be displayed. Please visit the source: ] IPX Listing Banner To view an enhanced version of this graphic, please visit: As the digital economy rapidly evolves, the tokenization of intellectual property (IP) is emerging as a critical innovation to transform how creative assets are managed, licensed, and traded. Traditional IP markets have long struggled with inefficiencies in rights management, valuation, liquidity, and cross-border transactions. Tokenizing IP enables creators to represent their work as digital assets, enabling programmable rights, and fractional ownership. In this context, the convergence of blockchain technology and IP rights management is laying the foundation for a new paradigm - one that empowers creators and reduces friction in creative economies. IPX: Revolutionizing Intellectual Property Trading Through Decentralized Tokenization Built on the modular architecture of Story Protocol, IPX is one of the first decentralized asset trading infrastructures dedicated exclusively to intellectual property. Designed to address the deep-rooted fragmentation in global IP markets, IPX enables the on-chain creation, tokenization, licensing, and transfer of IP assets. Its programmable licensing frameworks and smart contract-based royalty distribution allow for frictionless and transparent transactions. By leveraging Story Protocol's native IP graph, IPX creates a composable and scalable environment where IP assets can be discovered, priced, and traded efficiently across jurisdictions. A key innovation of IPX lies in its ability to support a diverse range of monetization and trading models, including auctions, leasing, subscriptions, NFT-based transactions, and fractionalized investments. These capabilities unlock liquidity for creative assets that were previously static or underutilized. With a transparent and fully on-chain system, IPX addresses long-standing market challenges such as inaccurate IP valuation, lack of pricing mechanisms, and delays in revenue distribution - enabling creators and IP holders to directly interact with a global base of users and investors without reliance on intermediaries. The platform's modular design makes it highly adaptable for various types of IP - from entertainment and publishing to digital art, gaming, and metaverse-native assets. Smart contracts automate licensing terms, enforce royalties, and facilitate downstream composition, allowing derivative works to flourish while aiming to ensure original creators are fairly compensated. This composability and interoperability redefine how IP is licensed and remixed, fostering an open and dynamic Web3 IP ecosystem. IPX Tokenomics At the heart of this ecosystem is the IPX token, which serves as the platform's core utility asset. It is used for settling transactions, powering DAO governance, potentially rewarding participants through staking incentives, and securing the network. The token enables a user-governed value system that aligns the interests of creators, collectors, and developers - establishing a sustainable, decentralized infrastructure for the next generation of IP economies. Learn More about IPX: About LBank Founded in 2015, LBank is a top crypto exchange offering financial derivatives, asset management, and secure trading. With over 15 million users across 210+ regions, LBank ranks in the top 20 for spot trading and top 15 for derivatives trading globally, ensuring fund integrity and supporting global crypto adoption. Start Trading Now: Community & Social Media: Press contact: [email protected] Business Contact: LBK Blockchain Co. Limited LBank Exchange [email protected] [email protected] To view the source version of this press release, please visit
Associated Press
28-02-2025
- Business
- Associated Press
AI MINDSystems Foundation and GenoBank.io Announce Strategic Partnership at ETHDenver to Advance Decentralized Biobanking and Healthcare Innovation
AI MINDSystems Foundation, a non-profit organization building a decentralized trusted data and ethical AI ecosystem for healthcare, social services, and life sciences innovation, and a pioneer in decentralized biobanking using BioNFT™ technology, today announced a strategic partnership at ETHDenver 2025 to accelerate the development and adoption of secure and privacy-preserving solutions for managing and utilizing the digital biology form of biosamples for precision health and clinical research. The companies are conducting a webinar on their partnership on March 12 from 12:00-1:00pm EST (registration details below). This partnership integrates BioNFT™ framework into the AI MINDSystems Trusted Data Ecosystem™, empowering individuals to securely store, manage, and control access to their biosamples, represented as 'lockable' non-fungible tokens (NFTs). This integration will empower individuals with greater control over their digital biological data derived from biosamples and facilitate new opportunities for research, personalized medicine, and drug discovery. Both organizations are committed to ethical data and AI governance and align their intellectual property (IP) strategies with Story Protocol, a Web3 protocol for registering, managing, and licensing IP. This collaboration will further enhance the security and transparency of data and AI transactions within both ecosystems. 'We are thrilled to partner with to advance our shared vision of a truly person-centered global healthcare system,' said Heather Leigh Flannery, Co-Founder and CEO of AI MINDSystems Foundation. 'Integrating BioNFTs into our ecosystem will empower individuals with direct ownership and far greater control over their digital biosample data and create completely new opportunities for precision health and decentralized research across the healthcare and life sciences industries.' 'Announcing this partnership at ETHDenver underscores our commitment to building a decentralized future for biobanking,' said Daniel Uribe, Founder and CEO of 'By combining our expertise in BioNFT™ technology with AI MINDSystems' comprehensive data and AI ecosystem, we are creating a powerful platform for accelerating healthcare innovation and improving patient outcomes.' A Decentralized Future for Biobanking and Ethical AI BioNFTs, which represent and enable computable, digital biology versions of biosamples, are one of many types of NFT types that will be part of the AI MINDSystems Trusted Data Ecosystem. It will also include NFTs representing AI models, research data, health information, personal data, identity credentials, contracts, medical devices, and more. BioNFTs will be integral components of the organization's highly secure, privacy-preserving, and financially just data and AI economy. This is a new set of structures within which to pursue the values and objectives of open and decentralized science (DeSci) and drive person-centered health transformation. Both organizations utilize the Avalanche and Story Protocol Layer One blockchain networks for their scalability, security, and interoperability. AI MINDSystems has adopted a multi-chain strategy, with Avalanche subnets and Story Protocol as key infrastructural components, along with other fit-for-purpose blockchains including Arbitrum and Polygon. is pioneering the use of Story Protocol to bring the concept of BioIP to life, creating 'programmable biodata rights,' where both the Avalanche and Story Protocol mainnets are utilized as part of the trust framework. AI MINDSystems Foundation is creating WISDOM NetworksTM to bring about a person-centered, data-and-AI driven transformation of healthcare and social services, while catalyzing new approaches to large-scale decentralized in silico, clinical, population health, and translational research. WISDOM Networks are data and AI utilities for healthy smart cities and rural health, serving individual patients, families, and local public and private sector stakeholders. They leverage the power of blockchain, web3, decentralized AI (DeAI), decentralized physical infrastructure (DePIN), and several privacy-enhancing technologies (PETs). WISDOM Networks facilitate secure, data-driven automation and secure multi-party computing (sMPC) across a range of data exchange, analytics, and AI-related computing scenarios. WISDOM Networks leverage The WISDOM System™ (Worldwide Informatics System and Data Ontology Matrix), a globally-federated metadata and identity graph which enables source data to be discovered, described, financially valued. Then, it orchestrates transactions in which individual data subjects are compensated, and executes a variety of compute workloads across fully decentralized data silos of any number of organizations and individuals – without needing to directly share or centralize the source data. The first WISDOM Networks will be launched in the United States under AI MINDSystems Foundation's National HERO (Health Enhancing Resource Orchestration) initiative. The initiative will serve the National HERO cohort: active-duty United States military service members, veterans, first responders, and all of their immediate families. To learn more about the AI MINDSystems and partnership, join the March 12 (12:00-1:00 PM EST) episode of 'A RENEWED HOPE in Digital Assets,' an AI MINDSystems livestream. Register now at A Renewed Hope is an acronym for 'Agentic, Resilient, Evolving Networked Ecosystems for Web3-Enabled, Dynamic, Human-centered Operations with Privacy-focused Empowerment.' About AI MINDSystems Foundation AI MINDSystems Foundation is a non-profit pioneering exponential technology-enabled systemic interventions to advance humanity's health, safety, prosperity, and privacy. The organization's mission is to transform how exponential technologies are accessed and adopted by underserved communities, and how data from those communities is collected, stored, and used for the advancement of ethical AI, community health, and the pursuit and sustainment of health and digital equity. To achieve this, we are creating a new, trusted data ecosystem, a data economy that is financially just and inclusive of data subjects, and self-sovereignty of identity, data, AI, and personal digital twins. To learn more about National HERO and WISDOM Networks, view the linked Intel Corporation case study, 'AI Aids in Decentralization of Health Data: AI MINDSystems Foundation acts to empower individuals with control of their health and personal data via self-sovereign AI' at Visit: to donate to, volunteer, or partner in National HERO and other AI MINDSystems Foundation strategic initiatives. Media Contact: Zan Lowe-Skillern | [email protected] About is a pioneer in decentralized biobanking, leveraging blockchain technology and BioNFT™ to empower individuals with control over their biological data. The platform enables secure storage, management, and monetization of biosamples, facilitating new opportunities for research, personalized medicine, and drug discovery. To learn more about programmable BioIP, please visit C2PA-Enhanced Biosample NFT (BioNFTs™)️: 'The Future of Verifiable BioData Ownership' at AI MINDSystems Foundation Zan Lowe-Skilern
Yahoo
27-02-2025
- Business
- Yahoo
Crypto Daybook Americas: Risk-Off Remains the Theme as Market Settles
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market is looking to regain some poise after yesterday's tumble with on-chain indicators showing signs of capitulation in bitcoin. Some tokens, like MakerDAO's MKR, stand out with a 20% gain in 24 hours, thanks to the DAO's buyback and burn process. IP, the native token of decentralized intellectual property-focused blockchain Story Protocol, is also in the green, having risen nearly 40%. The token's price has doubled in two weeks after being listed on South Korean exchanges. Other notable outperformers include Celestia's TIA along with XDC, QNT and HYPE. Data tracked by blockchain sleuth Lookonchain shows whales have been buying the dip in the HYPE token. XRP, meanwhile, is hanging on to a key Fibonacci level, keeping bulls' hope for bigger gains alive. According to Matthew Hougan, chief investment officer of Bitwise Asset Management, the crypto market is digesting the end of the recent memecoin frenzy, which could be replaced by productive sectors such as stablecoins, real-world assets and DeFi. "But until they start making their presence felt, the loss of energy will create a drag on the market," Hougan said on X. On the macroeconomic front, the optimism seen after the Nov. 4 election is being replaced by caution, as evidenced by Tuesday's release of the U.S. consumer confidence. The gauge dropped to an eight-month low, and the one-year inflation expectations were highest for 1.5 years, with President Donald Trump's tariffs singled out as the primary concern in almost every household and business survey. The dour sentiment and a strengthening yen might keep the upside in risk assets restricted for some time. Earlier this week, Belgium's central bank's head, Pierre Wunsch, warned that the ECB risks sleep-walking into too many rate cuts. The Fed, for its part, is unlikely to do QE anytime soon. (Sure, the January meeting minutes discussed an end of quantitive tightening, but that does not mean quantitative easing.) Speaking of key events to watch out for, the Senate Banking Committee, led by Senator Cynthia Lummis, is set to revisit crypto regulations during Wednesday's scheduled hearing titled 'Exploring Bipartisan Legislative Frameworks for Digital Assets." Stay alert! Crypto: Feb. 26, 8:30 a.m.: Cosmos (ATOM) network upgrade (to version v22.2.0). Feb. 26: RedStone (RED) farming starts on Binance Launchpool. Feb. 27, 4:00 a.m.: Alchemy Pay (ACH) community AMA on Discord. Feb. 27: Solana-based L2 Sonic SVM (SONIC) mainnet launch ('Mobius'). March 1: Spot trading on the Arkham Exchange goes live in 17 U.S. states. March 5 (provisional): At epoch 222464, testing of Ethereum's Pectra upgrade on the Sepolia testnet starts. Macro Feb. 26, 10:00 a.m.: The U.S. Census Bureau releases January's New Residential Sales report. New Home Sales Est. 0.68M vs. Prev. 0.698M New Home Sales MoM Prev. 3.6% Feb. 26-27: 2025's first G20 finance ministers and central bank governors meeting (Cape Town). Feb. 27, 8:30 a.m.: The U.S. Bureau of Economic Analysis releases Q4 GDP (2nd estimate). Core PCE Prices QoQ Est. 2.5% vs. Prev. 2.2% PCE Prices QoQ Est. 2.3% vs. Prev. 1.5% GDP Growth Rate QoQ Est. 2.3% vs. Prev. 3.1% Feb. 27, 8:30 a.m.: The U.S. Department of Labor releases Unemployment Insurance Weekly claims for the week ended Feb. 22. Initial Jobless Claims Est. 221K vs. Prev. 219K Earnings Feb. 26: MARA Holdings (MARA), post-market, $-0.13 Feb. 26: NVIDIA (NVDA), post-market, $0.85 Governances votes & calls Frax DAO is discussing upgrading the protocol by renaming FXS to FRAX, making it the gas token on Fraxtal, implementing the Frax North Star hard fork, and introducing a tail emission plan with gradually decreasing emissions and other enhancements. DYdX DAO is voting on distributing $1.5 million in DYDX tokens from the community treasury to qualifying users in trading season 9 as part of its incentives program. Unlocks Feb. 28: Optimism (OP) to unlock 2.32% of circulating supply worth $33.97 million. Mar. 1: DYdX to unlock 1.14% of circulating supply worth $5.76 million. Mar. 1: ZetaChain (ZETA) to unlock 6.48% of circulating supply worth $12.81 million. Mar. 1: Sui (SUI) to unlock 0.74% of circulating supply worth $68.90 million. Mar. 2: Ethena (ENA) to unlock 1.3% of circulating supply worth $16.47 million. Mar. 7: Kaspa (KAS) to unlock 0.63% of circulating supply worth $14.85 million. Mar. 8: Berachain (BERA) to unlock 9.28% of circulating supply worth $70.90 million. Token Listings Feb. 26: Moonwell (WELL) to be listed on Kraken. Feb. 27: Venice token (VVV) to be listed on Kraken. Feb. 28: Worldcoin (WLD) to be listed on Kraken. CoinDesk's Consensus to take place in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes. Day 4 of 8: ETHDenver 2025 (Denver) March 2-3: Crypto Expo Europe (Bucharest, Romania) March 8: Bitcoin Alive (Sydney, Australia) March 10-11: MoneyLIVE Summit (London) March 13-14: Web3 Amsterdam '25 (Netherlands) March 19-20: Next Block Expo (Warsaw, Poland) March 26: DC Blockchain Summit 2025 (Washington) March 28: Solana APEX (Cape Town, South Africa) By Francisco Rodrigues Solana, often criticized over its inflationary monetary policy, is currently considering implementing a governance proposal to change it, SIMD-0228. The proposal would introduce a dynamic, market-driven emissions model for SOL tokens and potentially reduce inflation. The proposal would move the blockchain away from its current fixed emissions model that has seen SOL's circulating supply increase to around 500 million tokens. Elsewhere Story Protocol's token, IP, has been bucking the bearish trend that gripped the cryptocurrency market over the last few days. IP outperformed the broader CoinDesk 20 Index as traders bet on the tokenization of intellectual property. The industry ecosystem is also rallying behind cryptocurrency exchange Bybit after its $1.5 billion hack. The exchange has launched a 'war against Lazarus' to crowdsource investigative efforts against the North Korean-linked group. BTC's one-month CME futures basis has dropped to 4%, the lowest in nearly two years, according to Velo Data. That's a sign of weakening bullish sentiment. Ether's basis has dropped to just over 5%. Perpetual funding rates for TRX, AVAX, XLM, SHIB and OM are negative, reflecting a bias for bearish short positions. BTC, ETH short-term puts continue to trade at a premium to calls, reflecting fears of a continued price drop. BTC is up 1% from 4 p.m. ET Tuesday at $89,19377 (24hrs: -0.11%) ETH is down 0.36% at $2,487.88 (24hrs: +2.19%) CoinDesk 20 is up 0.42% at 2,882.89 (24hrs: +2.34%) Ether CESR Composite Staking Rate is up 29 bps at 3.28% BTC funding rate is at 0.0005% (0.6% annualized) on OKX DXY is up 0.17% 106.49 Gold is down 0.24% at $2,913.89/oz Silver is down 0.78% at $31.78/oz Nikkei 225 closed -0.25% at 38,142.37 Hang Seng closed +3.27% at 23,787.93 FTSE is up 0.54% at 8,715.19 Euro Stoxx 50 is up 1.14% at 5,510.13 DJIA closed on Tuesday +0.37% at 43,621.16 S&P 500 closed -0.47% at 5,955.25 Nasdaq closed -1.35% at 19,026.39 S&P/TSX Composite Index closed +0.21% at 25,203.98 S&P 40 Latin America closed +0.19% at 2,390.95 U.S. 10-year Treasury rate is up 2 bps at 4.32% E-mini S&P 500 futures are up 0.5% at 5,999.75 E-mini Nasdaq-100 futures are up 0.82% at 21,321.50 E-mini Dow Jones Industrial Average Index futures are up 0.27% at 43,808.00 BTC Dominance: 61.11 (0.13%) Ethereum to bitcoin ratio: 0.02793 (-0.75%) Hashrate (seven-day moving average): 746 EH/s Hashprice (spot): $52.40 Total Fees: 11.39 BTC / $1.1 million CME Futures Open Interest: 164,970 BTC BTC priced in gold: 30.5 oz BTC vs gold market cap: 8.66% Bitcoin's hourly chart shows the MACD histogram has been biased bullish since late Tuesday. Still, there has been little progress to the upside in terms of price. The divergence between prices and MACD, coupled with the downward sloping key averages, suggests potential for another round of selling before a meaningful bottom is reached. A convincing move above $90,000 is needed to invalidate the bearish outlook. MicroStrategy (MSTR): closed on Tuesday at $250.51 (-11.41%), up 3.66% at $259.68 in pre-market Coinbase Global (COIN): closed at $212.49 (-6.42%), up 2.04% at $216.82 Galaxy Digital Holdings (GLXY): closed at C$20.09 (-7.84%) MARA Holdings (MARA): closed at $12.41 (-10.62%), up 2.86% at $12.77 Riot Platforms (RIOT): closed at $9.32 (-6.71%), up 2.79% at $9.58 Core Scientific (CORZ): closed at $9.76 (-1.01%), up 3.28% at $10.08 CleanSpark (CLSK): closed at $8.15 (-8.43%), up 1.96% at $8.31 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $17.04 (-11.25%), up 4.46% at $17.80 Semler Scientific (SMLR): closed at $42.42 (-4.42%), up 2.5% at $43.48 Exodus Movement (EXOD): closed at $39.86 (-3.16%), down 1% at $39.46 Spot BTC ETFs: Daily net flow: -$937.7 million Cumulative net flows: $38.09 billion Total BTC holdings ~ 1,157 million. Spot ETH ETFs Daily net flow: -$50.1 million Cumulative net flows: $3.02 billion Total ETH holdings ~ 3.750 million. Source: Farside Investors The net selling volume in BTC on Tuesday was the strongest since May 2021, according to data tracked by Glassnode and Andre Dragosch, head of research for Europe at Bitwise. Perhaps weak hands have capitulated, leaving the market in a much healthier state. XRP, BNB Edge Higher as Bitcoin Bulls Eye $90K After Tuesday Bloodbath (CoinDesk): Bitcoin rebounded to nearly $89,000 with major cryptocurrencies XRP and BNB also showing signs of a cautious recovery. Bitcoin's Tuesday Bloodbath Was the Bottom, Analyst Says (CoinDesk): On-chain signals suggest limited further downside. U.S. Bitcoin ETFs See Record Daily Outflow of Over $930M as Carry Trades Lose Shine to the 10-Year Treasury Note (CoinDesk); Tuesday marked the steepest single-day redemption for U.S.-listed spot bitcoin ETFs since their inception. Circle Says Stablecoin Issuers Should Be U.S. Registered (Bloomberg): Jeremy Allaire, co-founder of stablecoin issuer Circle, said issuers of dollar-pegged crypto tokens should be registered in the U.S. Treasury Yields Rebound Slightly, Dollar Undermined by US Growth Worries (Reuters): The 10-year Treasury yield climbed 3 basis points to 4.3271% after the U.S. House passed a budget bill that paves the way for $4.5 trillion in tax cuts. Top Finance Ministers Snub G20 as Global Co-Operation Comes Under Strain (Financial Times): This week's G20 meeting in South Africa is notable for the absence of finance ministers from the U.S., China, Japan, India, Brazil and Mexico, prompting doubts about the forum's effectiveness. Sign in to access your portfolio
