30s Summary

The Story protocol, a blockchain network, allows artificial intelligence (AI) agents to trade intellectual property via the platform’s Agent Transaction Control Protocol for Intellectual Property (ATCP/IP). The new protocol ensures that AI agents get credit and compensation for their unique outputs used by other systems. Major AI agents like GOAT by Crossmint and GAME by Virtuals Protocol are compatible with ATCP/IP. While AI and blockchain technologies offer immense opportunities, potential risks include smarter scams and criminals gaining access to advanced tech.

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The Story protocol, a blockchain network, has introduced a cool new concept wherein artificial intelligence (AI) agents can actually swap intellectual property among themselves. Think of it like trading collectible cards or music playlists with your buddies, but in this case, it’s AIs sharing things like data sets or investment strategies via the blockchain.

Story’s Agent Transaction Control Protocol for Intellectual Property (ATCP/IP), which it detailed on December 17, breaks down some of the barriers that have been limiting AI agents so far, especially when it comes to trading pieces of intellectual property. Right now, AIs can handle simple transactions like buying or selling tokens or interacting with different wallets, but they struggle with more complex agreements and contracts.

Just as songwriters get royalty checks when their hits are played, AIs too create value through their unique outputs. The new ACTP/IP protocol aims to protect these assets and ensure AIs get their due credit and compensation when other systems use their output. Moreover, all the contracts executed on this protocol are super secure and legally binding, both within and outside the blockchain network.

The ATCP/IP system is designed to work with a bunch of major AI agents, including some big names like GOAT by Crossmint and GAME by Virtuals Protocol. Plus, there’s a sneak peek coming up on December 18 with a demo featuring AI agents using the ACTP/IP system to trade with each other.

On a bigger picture level, this exciting development aligns with the thoughts of Ethereum co-founder Vitalik Buterin. He’s spoken about a future where AI technology and autonomous agents become really efficient at trading prediction markets, potentially resulting in even more accurate predictions about what’s going to come next.

Clearly, the fusion of AI and blockchain tech is really starting to heat up. AI agents and AI-themed digital currency (memecoins) now represent a huge trend within the crypto world. Since October, such AI-themed tokens have collectively raised a whopping $3 billion. However, this cocktail of AI and blockchain doesn’t come without potential risks, such as enabling more intelligent scams or even granting criminals access to advanced tech.