New blockchain platform lets fans profit from fictional franchises
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Story Protocol is a blockchain-based system that allows fans to contribute to and profit from fictional franchises. It provides a platform for fan fiction and protects against AI-generated content.
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The system lets fans register their creations and set licensing terms via smart contracts. Story Protocol earns fees for each usage.
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Investors like Andreessen Horowitz see it as a way to incentivize remixing and creativity as AI proliferates.
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Fan fiction is a longtime phenomenon, but some creators like Anne Rice have resisted it. Others like Paramount tolerate non-commercial efforts.
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Story Protocol aims to connect creators and fans in a new business model, with founder S.Y. Lee drawing on his past startups Byline and Radish.