Story completes $80 million Series B financing led by a16z Crypto

Foresight News reported that PIP Labs, the core contributors of the on-chain IP protocol Story, announced the completion of an $80 million Series B financing round, with a16z Crypto leading the investment and Polychain participating as a strategic investor. Other investors include Scott Trowbridge, Senior Vice President and Board Member of Stability AI, Adrian Cheng, founder of K11, digital art collector Cozomo de'Medici, and No Capital. This new round of financing brings PIP Labs' total funding to $140 million.