Lombard and Story Team Up for Bitcoin-Powered IP Solutions
Lombard and Story Collaborate for Bitcoin-Backed IP Solutions
Lombard and Story have joined forces to revolutionize intellectual property management using Bitcoin. This partnership aims to solve two major issues for creators: delayed royalty payments and weak licensing enforcement.
Story is a blockchain platform that turns IP into programmable assets. These assets can be licensed and remixed automatically, without needing intermediaries. Now, with Lombard’s Bitcoin infrastructure, creators can receive instant royalty payments in Bitcoin. This eliminates the need to wait months and pay intermediaries.
The collaboration introduces Bitcoin Revenue Distribution. This ensures creators get paid quickly and globally. It also brings Crypto-Economic IP Security. This uses Bitcoin as collateral to enforce licensing agreements. If a licensee fails to pay, the smart contract can liquidate the Bitcoin collateral to cover royalties, turning lengthy legal battles into instant settlements.
Story CEO SY Lee explains, “By integrating Lombard’s Bitcoin infrastructure, creators can license, settle, and secure IP value instantly and globally.”
The partnership targets South korea’s $13.6 billion creative market. Story has relationships with top Korean studios, while Lombard has a strong presence in the region. Lombard’s BARD token is actively traded on major Korean exchanges.
Lombard has onboarded over $3 billion of Bitcoin onto its platform. Its LBTC is integrated across 14 chains and more than 75 DeFi protocols. This collaboration aims to bring innovation to a massive market eager for change.
Lombard and Story Collaborate for Bitcoin-Backed IP Solutions
Lombard and Story have joined forces to revolutionize intellectual property management using Bitcoin. This partnership aims to solve two major issues for creators: delayed royalty payments and weak licensing enforcement.
Story is a blockchain platform that turns IP into programmable assets. These assets can be licensed and remixed automatically, without needing intermediaries. Now, with Lombard’s Bitcoin infrastructure, creators can receive instant royalty payments in Bitcoin. This eliminates the need to wait months and pay intermediaries.
The collaboration introduces Bitcoin Revenue Distribution. This ensures creators get paid quickly and globally. It also brings Crypto-Economic IP Security. This uses Bitcoin as collateral to enforce licensing agreements. If a licensee fails to pay, the smart contract can liquidate the Bitcoin collateral to cover royalties, turning lengthy legal battles into instant settlements.
Story CEO SY Lee explains, “By integrating Lombard’s Bitcoin infrastructure, creators can license, settle, and secure IP value instantly and globally.”
The partnership targets South korea’s $13.6 billion creative market. Story has relationships with top Korean studios, while Lombard has a strong presence in the region. Lombard’s BARD token is actively traded on major Korean exchanges.
Lombard has onboarded over $3 billion of Bitcoin onto its platform. Its LBTC is integrated across 14 chains and more than 75 DeFi protocols. This collaboration aims to bring innovation to a massive market eager for change.
