Amid a crypto market rebound, Story (IP), a newly launched AI project focused on supporting the tokenization of intellectual property, has recorded staggering gains. The coin surged over 60% in the past 24 hours to a new all-time high of $7.

However, Story (IP) has retraced over 30% from the new peak, trading at $4.89 at press time. The recent price action trails a series of bullish events around its ecosystem, including growing traction toward its unique niche and sustained momentum from its recent launch.

Story (IP) gained traction following its TGE on February 14th, hitting the gears immediately. According to CoinGecko data, the coin has grown an impressive 384% to its current price from its low of $1.

Meanwhile, a new development also seems to contribute to IP’s recent price upsurge. The project’s official X handle recently shared how users can receive extra incentives for a few activities.

In a tweet today, Story (IP) revealed its collaboration with BlockBook, a platform where content creators can host contests and challenges. The newly forged partnership aims to enhance user experience in the upcoming ETH Denver.

Moreover, participants stand a chance to win up to 1,000 USDC by creating and sharing Story-related content using BlockBook.

Here’s How Users Can Win Up to 1k USDC

According to Story (IP), winning the ultimate prize demands participants to pass through two significant stages.

The first stage requires creatively capturing your ETH Denver experience by taking a photo or video using Ippy merch and incorporating a unique Story twist. This can include content from Story events or classic Story elements.

For context, ETH Denver is the world’s largest Web3 innovation festival, focusing on Ethereum and blockchain development. The highly anticipated event will take place in Denver from February 23 to March 2, 2025, attracting global developers, creators, and community enthusiasts.

Meanwhile, stage two requires users to link their media to BlackBook. The user will then share captured media files on X through BlockBook for further assessment.

Story (IP) highlighted the various prices for grabs, ranging from the first to the third position. The project will reward the first-place finisher with a 1,000 USDC prize pool, BlockBook Creator Credit, and social media shoutouts.

The second-place winner will receive a similar incentive but with a 600 USDC cash prize. In the same vein, the third-place winner will receive 400 USDC, a creator card, and social media shoutouts.

Notably, the layer-1 blockchain revealed its plan to promote submissions throughout the week, and on Feb 28, BlockBook will spotlight top content at Story’s Booth. However, Story (IP) also hinted at some tips regarding the recent journey.

Participants can further enhance their submissions by minting them as unique NFTs. Meanwhile, sharing their posts on BlockBook can also yield rewards, and reposting a user’s content earns them credits and accords to them as a bonus, with spotlighted content on the main page earning 300 creator credits.

What is Story (IP)?

Story (IP) revolutionizes intellectual property (IP) exchange with its peer-to-peer network, built on blockchain technology. Founded in 2022 by Seung Yoon Lee, Jason Zhao, and Jason Levy, the decentralized system enables transparent and efficient exchange, licensing, and monetization of IP, eliminating the need for centralized companies and complex legal agreements.

Notably, Story uses the Proof-of-Creativity Protocol to facilitate features such as permissionless licensing and automated royalty payments. Meanwhile, its native cryptocurrency, IP, is at the heart of its ecosystem. 

The IP token plays a crucial role in securing the network, processing transactions, and facilitating governance decisions. By leveraging Story, individuals and organizations, including artists, scientists, businesses, and AI developers, can exchange IP freely and efficiently without impediments from intermediaries.

Story (IP) is the 91st cryptocurrency by market cap, with a valuation of $1.2 billion. Upon its market debut, the token launched on various exchanges, with OKX, Gate.io, Kucoin, and Coinbase high on the list.