Palo Alto-based startup PIP Labs announced an $80 million funding round for Story Protocol, a blockchain platform to track intellectual property rights in the era of artificial intelligence and the data scraping that enables model training. CEO and co-founder Seung Yoon “SY” Lee says the company aims to create a more sustainable IP environment for digital consumers and builders. The raise, led by Andreessen Horowitz (a16z) and Polychain Capital, values the startup at $2.25 billion. The move comes after Sahara AI announced it raised $43 million this month to fund a blockchain-based IP tracking system. Continue reading Story Raises $80M to Create Blockchain-Based IP Protection

Blockchain startup Aptos Labs will use the Microsoft Azure OpenAI Service to “explore innovative solutions” in blockchain and Web3 for technologies involving artificial intelligence, tokenization and payments. As part of the deal Aptos describes as a “partnership,” the company is launching Aptos Assistant, which will enable natural language prompts, making Web3 applications like smart contracts and decentralized apps more “user-friendly and secure” for “everyday Internet users and organizations” as well as developers. Aptos offers what is known as Layer 1 blockchain, technology designed to facilitate transactions at scale. Continue reading Aptos Teams with Microsoft Azure OpenAI on Web3 Solutions