Lombard, a Bitcoin-based decentralized finance (DeFi) platform, and Story, a layer one (L1) blockchain designed to make intellectual property (IP) programmable, have announced a strategic partnership aimed at linking Bitcoin-backed finance with digital content monetization.
Lombard and Story Form Partnership to Integrate Bitcoin Into Intellectual Property Finance
According to Lombard‘s announcement shared with Bitcoin.com News, the collaboration introduces a model where creators can license and receive compensation for their work directly in bitcoin (BTC), removing reliance on intermediaries and traditional banking delays.
According to Story CEO and co-founder SY Lee, integrating Lombard’s infrastructure allows creators to “license, settle, and secure IP value instantly and globally,” leveraging Bitcoin’s permanence as a store of value.
Story’s blockchain enables onchain registration and licensing of intellectual property (IP), transforming copyrights, data, and creative assets into programmable digital primitives. Lombard’s integration expands this model by introducing Bitcoin-based settlement and security mechanisms for intellectual property transactions.
Lombard’s co-founder, Jacob Phillips, said the alliance will give creators tools to monetize their work using Bitcoin while providing crypto-economic guarantees for IP assets. Lombard’s flagship token, LBTC, has reportedly attracted more than $3 billion in bitcoin across 14 chains and over 75 protocols, with 80% of its supply active in DeFi applications.
The partnership also targets creators and studios in South Korea, a market with $13.6 billion in cultural IP exports in 2024. Story’s recent collaborations with Barunson Studio, Solo Leveling, and Verse8 highlight its footprint in Korea’s entertainment sector, while the team claims Lombard’s BARD token has seen strong trading volumes on Upbit and Bithumb.
Additionally, the collaboration will pilot Bitcoin-based royalty distribution, enabling instant and borderless payments to creators, and test collateral-backed IP protection that automatically triggers payouts if disputes arise.
Story is backed by $136 million in funding from a16z, Polychain, and Samsung Ventures, while Lombard has formed partnerships with institutions such as Galaxy Digital, Franklin Templeton, and Kraken.
FAQ 💡
- **What is the purpose of Lombard and Story’s partnership?**The partnership aims to merge Bitcoin-based finance with programmable intellectual property systems for creators.
- **How will creators benefit from this partnership?**Creators can receive royalties and license payments directly in bitcoin, improving payout speed and transparency.
- **Why is South Korea significant in this collaboration?**South Korea’s entertainment and IP sector is a key growth market, where Story already has partnerships with major studios.
- **What are the main innovations in the partnership?**They include Bitcoin-based royalty distribution and collateral-backed IP protection mechanisms.
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