{"id":171197,"date":"2023-02-17T15:26:14","date_gmt":"2023-02-17T15:26:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171197"},"modified":"2023-02-17T15:26:14","modified_gmt":"2023-02-17T15:26:14","slug":"co-founders-of-storyco-explain-how-community-storytelling-can-impact-franchised-ip","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/co-founders-of-storyco-explain-how-community-storytelling-can-impact-franchised-ip\/","title":{"rendered":"Co-founders of StoryCo explain how community storytelling can impact franchised IP"},"content":{"rendered":"

On this week\u2019s episode of NFT Steez<\/em>, co-hosts Alyssa Exp\u00f3sito and Ray Salmond continue their chat with Justin and J.P. Alanis, the co-founders of StoryCo \u2014 an open media platform \u2014 on the prospect of a community of creators franchising intellectual property (IP) through collaboration and soulbound tokens.\u00a0<\/p>\n

<\/p>\n

Speaking on his experience with musician Tyler the Creator, J.P. Alanis said that content creation is not limited to one particular creator, but should be open to all types, including fans. <\/p>\n

However, despite the symbiotic nature between fans and creators, there are still barriers to incentivizing the creators and navigating the bureaucratic nature of centralized institutions to push these creations. Here’s how StoryCo said it intends to mitigate the noise. <\/p>\n

StoryCo is a global creative marketplace<\/h2>\n

When asked whether StoryCo is akin to pay-to-hire platforms like Fiverr and Upwork, Justin acknowledged the comparisons, saying that StoryCo might have network-type components similar to these \u201chire-for-work\u201d platforms. He described it as a \u201ccreative marketplace that leverages existing creative talent.\u201d<\/p>\n

Justin explained that StoryCo ultimately aims to be an open, permissionless platform where any individual can \u201cjump on in,\u201d explore, create, and potentially franchise IP with a story or piece of content they \u201cvibe\u201d with. <\/p>\n

\u201cYou should be able to contribute value in different ways,\u201d said Justin. According to the founders, value is created through multiple avenues, such as user-generated content contribution, story or funding proposals, completing an activation, or even viewing a story. <\/p>\n

The best part? It aims to make the entry point to these stories more accessible, seeking to eliminate elements of gatekeeping in these proprietary environments. The StoryPass is a free NFT that gives StoryCo insights on the community\u2019s \u201cnucleus,\u201d explained J.P. <\/p>\n

Integrating soulbound tokens in storytelling\u00a0<\/h2>\n

Soulbound tokens are \u201cnon-transferable nonfungible tokens\u201d that can be utilized to authenticate and verify someone\u2019s identity, actions or achievements in Web3. StoryCo intends to integrate soulbound tokens to widen the accessibility to collaborate and begin creating IP.<\/p>\n

StoryCo\u2019s soulbound token integration is closely tied to its first community story, The Disco Ball. The StoryPass is a dynamic soulbound token that tracks members\u2019 participation and consumption of the evolving story.<\/p>\n

Related: <\/em><\/strong>Comic-Con guru says storytelling is the key component for successful NFT projects<\/em><\/strong><\/p>\n

After users unlock achievements with their StoryPass, whether via consuming or contributing, their StoryPass is altered to reflect that. The underlying value of the integration is that it allows StoryCo to learn what incentivizes its community better. <\/p>\n

Justin explained that StoryCo aims to become a public good, which means it would be owned by the \u201ccommunity of people contributing value to the platform.\u201d Fifty percent of The Disco Ball\u2019s net proceeds will be allocated to a shared treasury whereby the community will begin to propose and vote on the platform\u2019s evolution, similar to the Nouns DAO Proposal House.<\/p>\n

\u201cThis new technology is a new paradigm,\u201d J.P. said regarding digital creation and the participation revolution. He explained that just as the \u201cinternet was a new paradigm, Web3 is a new paradigm that unlocks the ability for people to contribute.\u201d <\/p>\n

Be sure to listen to Part 2 of NFT Steez\u2019s <\/em>conversation with StoryCo\u2019s founders on the new Cointelegraph Podcasts page or Spotify, Apple Podcasts, Google Podcasts, or TuneIn.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On this week\u2019s episode of NFT Steez,<\/p>\n","protected":false},"author":3,"featured_media":171196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCo-founders of StoryCo explain how community storytelling can impact franchised IP - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/co-founders-of-storyco-explain-how-community-storytelling-can-impact-franchised-ip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Co-founders of StoryCo explain how community storytelling can impact franchised IP - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"On this week\u2019s episode of NFT Steez,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/co-founders-of-storyco-explain-how-community-storytelling-can-impact-franchised-ip\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T15:26:14+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/02\/Co-founders-of-StoryCo-explain-how-community-storytelling-can-impact-franchised-IP.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/co-founders-of-storyco-explain-how-community-storytelling-can-impact-franchised-ip\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/co-founders-of-storyco-explain-how-community-storytelling-can-impact-franchised-ip\/\",\"name\":\"Co-founders of StoryCo explain how community storytelling can impact franchised IP - 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