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NFTs As Story Moments
A conversation between Jess Sloss and Justin Alanis, founder of StoryDAO on the latest episode of Building At The Edges.
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NFTs As Story Moments
Justin Alanis is the founder of StoryDAO, an intellectual property (IP) incubation hub and multi-media storytelling platform with community at the core. Justin argues for a rethinking of NFT interactions as experiences in the stories themselves. With StoryDAO, he’s hoping to create and incubate fresh stories told by emerging voices, and meaningfully empower creatives within the novel value generation models of blockchain.
While royalties remain an important component of community value generation, Justin believes that the true value of IP is connected to the value of the network. From where he sits, too many IP projects distribute royalty sales to a centralized body rather than returning them to the original creators or communities. In StoryDAO, IP value will flow to a community treasury to incubate future IP projects.
While CC0 has risen in popularity, with some claiming it to be a manifestation of the promise of web3 tech, StoryDAO takes a more nuanced, community-driven approach to licensing. They envision a community controlled CC0 process which puts the onus on the entity interested in licensing a StoryDAO IP to demonstrate both intent and ability to execute.
At its core, StoryDAO is exploring how we retain the value of stories within any medium, and how community-controlled IP could revolutionize the distribution of previously centralized IP. Listen to the full conversation.
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