Feb 18, 2023

StoryCo Launches Creative Marketplace, Soulbound Tokens

This week, Alyssa Expósito and Ray Salmond, the co-hosts of NFT Steez, had the pleasure of speaking with the co-founders of StoryCo, Justin and J.P. Alanis, about their innovative open media platform. StoryCo seeks to revolutionize the way creators and fans collaborate and franchise intellectual property (IP) through the utilization of soulbound tokens.

StoryCo is a global creative marketplace, and while it may have components similar to “hire-for-work” platforms like Fiverr and Upwork, Justin clarified that StoryCo is “open, permissionless” and allows anyone to join and explore. He stated that value can be created through multiple avenues, such as user-generated content contribution, story or funding proposals, completing an activation, or even viewing a story.

The StoryPass is a free, non-transferable non-fungible token (NFT) that gives StoryCo insights on the community’s nucleus. It is closely tied to StoryCo’s first community story, The Disco Ball, and tracks members’ participation and consumption of the evolving story. After users unlock achievements with their StoryPass, their StoryPass is altered to reflect that.

The founders of StoryCo are confident that the platform will become a public good, owned by the “community of people contributing value to the platform”, and fifty percent of The Disco Ball’s net proceeds will be allocated to a shared treasury. This will enable the community to propose and vote on the platform’s evolution, similar to the Nouns DAO Proposal House.

Justin and J.P. Alanis believe that Web3 is a new paradigm that unlocks the ability for people to contribute, and StoryCo is making it easier for creators to access the stories they want to tell. By using soulbound tokens, StoryCo is creating an environment where creators and fans can collaborate and franchise IP, encouraging new ideas and content.

If you’re interested in learning more about StoryCo, be sure to listen to Part 2 of NFT Steez’s conversation with StoryCo’s founders on the Cointelegraph Podcasts page or Spotify, Apple Podcasts, Google Podcasts, or TuneIn.

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