Story Protocol has completed a $25 million Series A funding round led by a16z.

The blockchain-based intellectual property protocol, Story Protocol, has announced the completion of a $25 million Series A funding round, led by a16z crypto. Combined with the $29.3 million raised in May this year, Story Protocol’s total funding exceeds $54 million. Other participating investors include Hashed, Endeavor, Samsung Next, Foresight Ventures, Dao5, Insignia Venture Partners, Alliance DAO, Mirana Ventures, as well as angel investors such as TPG Capital founder and chairman David Bonderman and Dapper Labs founder and CEO Roham Gharegozlou.

Story Protocol is a protocol that aims to create, manage, and license new intellectual property on the blockchain. It seeks to democratize intellectual property creation through a global, scalable library of intellectual property.