PIP Labs, the developer of Story Protocol, has secured $80 million in a Series B funding round led by a16z, valuing the company at $2.25 billion. Story Protocol aims to revolutionize intellectual property (IP) management by using blockchain technology to create programmable, on-chain assets termed 'IP Legos'. The platform seeks to address the issue of big tech companies profiting from creators' content without fair compensation, proposing a more equitable digital ecosystem. Investors in this round also include Polychain Capital and notable individuals such as Scott Trowbridge and Cozomo de' Medici. Story’s public testnet is launching next week, offering a glimpse into its capabilities for IP registration and monetization. This funding will help Story continue its mission to empower creators and provide new monetization opportunities in the digital and AI-driven age.