Feb 18, 2023

StoryCo: Unlocking Access to Creative Franchising with Soulbound Tokens

This week on NFT Steez, hosts Alyssa Expósito and Ray Salmond welcomed Justin and J.P. Alanis, the co-founders of StoryCo, an open media platform that seeks to make the world of content creation more accessible and franchisable through collaboration and soulbound tokens.

J.P. Alanis spoke on the importance of creating an environment of openness and inclusivity when it comes to content creation, saying that it should not be limited to just one creator, but should involve fans as well. However, the process of incentivizing creators and navigating the bureaucracy of centralized institutions can be a challenging one. This is where StoryCo comes in.

Justin explained that StoryCo is a global creative marketplace that allows anyone to explore, create, and potentially franchise IP with a story or piece of content they “vibe” with. It is a platform that allows users to contribute value in different ways, such as by creating user-generated content, proposing stories or funding, completing an activation, or simply viewing a story.

StoryCo is also introducing the StoryPass, a free NFT that gives StoryCo insights on the community’s “nucleus”. This is closely tied to their first community story, The Disco Ball. The StoryPass tracks members’ participation and consumption of the story, and is altered to reflect their achievements.

Soulbound tokens are also being integrated into StoryCo’s platform, which are “non-transferable nonfungible tokens” that can be used to authenticate and verify someone’s identity, actions, or achievements in Web3.

The founders of StoryCo also discussed the platform’s goal to become a public good, meaning it would be owned by the “community of people contributing value to the platform”. Fifty percent of The Disco Ball’s net proceeds will be allocated to a shared treasury, where the community can propose and vote on the platform’s evolution, similar to the Nouns DAO Proposal House.

The StoryCo platform is an exciting development for those interested in NFTs, crypto, and web3, as it seeks to make the entry point to these stories more accessible, while also providing a platform for creators to collaborate and monetize their IP. Be sure to listen to Part 2 of NFT Steez’s conversation with StoryCo’s founders to learn more about this innovative platform.

Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.