Futureverse teams with Story creator PIP Labs in Web3 intellectual property deal

Futureverse, a AI and metaverse technology company, has signed a memorandum of understanding to do an intellectual property deal with Web3 firm PIP Labs, the core contributor to Story. This strategic partnership will focus on integrating Futureverse’s technology and extensive IP portfolio (which includes Ready Player One, through a deal via Readyverse) along with The Root Network to Story. Story, is a purpose-built Layer 1 blockchain designed to tokenize intellectual property into programmable digital assets, pioneering new ways for creators and brands to register, manage, and commercialize digital assets on-chain. The Root Network is purpose-built to deliver on the promise of interoperability for IP assets wherever they are created, enhancing the value of owners and collectors. Intellectual property has traditionally been managed through fragmented, centralized systems that limit the ability of IP holders and creators to fully control, license, and monetize their work. As digital c ... Read full article.