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Tale Protocol introduced its highbrow property-focused blockchain and related IP token on Thursday.
The blockchain is located because the “global’s highbrow estate community,” offering customers with a solution to sign up their IP and monitor how others use it. The aptly named “$IP” token, which Tale introduced closing week, is used for transaction charges and gives customers a vote within the platform’s governance device.
“Tale is developing a brand new usual for IP, making the $61 trillion asset magnificence programmable so IP is tracked, safe, and monetized, permitting everybody to look the upside,” the venture stated in a remark shared with CoinDesk.
Up to now, the theory turns out to have had legs — a minimum of with traders. PIP Labs, the chain’s number one developer, raised $80 million in a Collection B project investment spherical led by means of Andreessen Horowitz (a16z), bringing the venture’s overall investment to $140 million.
PIP has sought to put Tale on the intersection of blockchain and synthetic intelligence, some way for folks to trace and receives a commission for information used to coach AI fashions.
“With out nice unique IP, the AI fashions don’t broaden,” PIP Labs co-founder and CEO SY Lee informed CoinDesk. As of late, AI is “taking, stealing your entire information with out your consent,” he stated.
The Tale mainnet release accompanies the primary unencumber tournament for the just-announced IP token. “Tale is unlocking 25% of the preliminary 1 billion $IP, with 58.4% dedicated to the ecosystem and group, basis, and preliminary incentives,” in keeping with the venture.
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