$ID
Web3 domain service provider Space ID announces a partnership with blockchain startup Story Protocol to provide identity management solutions. According to the cooperation agreement, Space ID will integrate its domain infrastructure into Story Protocol, using human-readable domains (such as "jane.ip") as blockchain-verified proof of creation, allowing intellectual property (IP) owners to authenticate, license, and monetize their works on Story Protocol.
Partnership Background
• Role of Space ID: Space ID is a Web3 domain and identity platform that offers verifiable digital identity services. Its new ".ip" domain will serve as blockchain-verified proof of creation, addressing the authenticity issues of AI-generated content.
• Role of Story Protocol: Story Protocol is a Layer 1 blockchain focused on the tokenization of intellectual property, with its mainnet launching on February 13, 2025. The platform helps creators manage and monetize their works through a tokenization and decentralized collaboration framework.
Significance of the Partnership
• Creator Economy: By integrating Web3 domains with tokenized assets, creators can more easily verify the authenticity of their works and trade and monetize them on the blockchain.
• Reducing Disputes: This collaboration provides a decentralized solution for intellectual property management, helping to reduce misappropriation and disputes while offering larger institutions a clearer on-chain IP management method.
This partnership marks an important advancement in digital identity and intellectual property management in the Web3 space, providing a safer and more transparent environment for creators and consumers.