Layer 1 blockchain platform Story secured $80 million in a Series B funding round led by a16z, with participation from Polychain. The funding will be used to enhance intellectual property (IP) management and monetization, aiming to give creators more control over their IP. Story's protocol is designed to tokenize IP, allowing creators to set usage terms and unlock new revenue streams. The company plans to launch its mainnet later this year, built on the Cosmos SDK and compatible with the Ethereum Virtual Machine.