Story Protocol Raises $80 Million at $2.25 Billion Valuation

Story Protocol is a developer of web3 technology leveraging decentralized technology to transform how narrative universes are built, owned, and expanded. By employing blockchain technology, Story Protocol ensures that contributions to a narrative universe are recorded, acknowledged, and rewarded in a transparent and immutable manner.

Story Protocol has raised $80 million in a Series B round at a $2.25 billion valuation. The new round was led by Andreessen Horowitz, with participation from Polychain and others. In total, Story Protocol has raised $140 million to date. 

Story Protocol, Bellevue, Washington, United States, was founded in 2022 by Jason Levy, Jason Zhao, and Seung Yoon Lee. "With Story, creators can embed licensing terms directly into their IP, ensuring that anyone who uses it must adhere to their rules," Lee said. "You’re declaring your sovereignty around the data. This is about saying, ‘Don’t mess with my data. This is my IP.’’ As the worlds of blockchain and storytelling converge, Story Protocol ensures the original creators are properly compensated and that any derivative works fall within established guidelines.