Space ID and Story Protocol have collaborated to integrate blockchain-based identity verification with decentralized intellectual property (IP) management. This partnership introduces a novel method for creators to establish and safeguard digital ownership. By utilizing human-readable domains as authenticated markers of originality, the initiative offers an efficient approach for innovators to verify and monetize their creative outputs.
On Tuesday, Space ID, a provider of Web3 domain name services, announced its partnership with blockchain startup Story Protocol to introduce identity management solutions. As part of this alliance, Space ID’s domain name framework will be incorporated into Story Protocol’s infrastructure.
With this integration, blockchain-verified domains such as “jane.ip” will serve as proof of creation, enabling IP holders to authenticate, license, and commercialize their work through Story Protocol.
Tokenizing Intellectual Property through Blockchain
Story Protocol, established in 2023, employs blockchain technology to track intellectual property assets. The platform has secured over $54 million in funding from venture capital firm Andreessen Horowitz (a16z) Crypto. Operating as a Layer 1 blockchain, Story Protocol focuses on the tokenization of IP assets, a market valued at approximately $61 trillion. Its mainnet, which became operational on February 13, provides a decentralized collaboration framework.
Web3 intellectual property (IP) protocol @StoryProtocol has announced the launch of its mainnet on February 13, alongside its native token, IP.#Story #IPhttps://t.co/fgnAwjfOeE
— Cryptonews.com (@cryptonews) February 11, 2025
The ecosystem of Story Protocol includes projects such as Aria Protocol, designed to facilitate IP tokenization, and Verio Network, which enables users to stake IP assets for rewards. Web3 domains play an essential role in digital identity within the creator economy, offering verifiable ownership and authentication for digital works.
For instance, digital artist Beeple employs his Ethereum-based domain, “beeple.eth,” to confirm the authenticity of his artwork. Space ID’s newly introduced “.ip” domains will similarly function as blockchain-verified proof of creation, addressing growing concerns regarding authenticity, particularly in AI-generated content.
Strengthening Digital Identity in the Creator Economy
The increasing prevalence of artificial intelligence has heightened the importance of verifiable proof of creation. Web3 domains act as distinctive digital signatures, empowering IP creators to claim ownership of their work and trade it securely. This mechanism enhances confidence among both content creators and consumers.
Industry experts emphasize the necessity of verifiable identity for the future of intellectual property management. The introduction of “.ip” domains through Space ID is expected to provide IP holders within Story Protocol’s network with blockchain-backed proof of creation. This will streamline processes related to the tokenization, trading, protection, and monetization of intellectual property.
The collaboration between Space ID and Story Protocol represents a significant milestone in the evolution of digital identity and intellectual property rights within the Web3 landscape. As major institutions increasingly focus on blockchain-based IP management, partnerships like this demonstrate practical applications in reducing disputes and clarifying ownership structures.
By merging verifiable domains with tokenized assets, content creators could potentially mitigate long-standing issues related to misappropriation. This development may lead to more standardized approaches across industries such as entertainment, publishing, and beyond, further solidifying blockchain’s role in the future of digital asset management.
