Lombard has teamed up with Story to incorporate Bitcoin into programmable intellectual property (IP) management, aiming to revolutionize royalty payments and enhance IP security. This partnership targets South Korea's $13.6 billion creative market, utilizing Lombard's $3 billion in Bitcoin liquidity alongside Story's significant IP partners, such as Solo Leveling and Barunson Studio. The initiative introduces Bitcoin Revenue Distribution for instant royalty payments and employs Bitcoin as collateral to automatically enforce licensing agreements. Story CEO SY Lee highlighted that this collaboration allows creators to globally license, settle, and secure IP value using Bitcoin.
Lombard and Story Collaborate to Integrate Bitcoin into IP Management
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