Story Protocol's native token surged 21.48% to $2.98, driven by the launch of its first prediction markets and the introduction of Confidential Data Rails (CDR). The blockchain's latest upgrades enhance privacy by securing encrypted data on-chain, positioning Story Protocol as a significant player in the $80 trillion intellectual property economy. The token's trading volume reached $145.63 million, with a market cap of $975.42 million, ranking it #104 globally.
The new prediction markets, launched in collaboration with MusicByVirtuals, allow users to trade on cultural and financial event outcomes, such as K-pop chart positions and cryptocurrency prices. Meanwhile, the CDR upgrade enables secure storage and automated management of sensitive assets, addressing privacy challenges on public blockchains. These developments, alongside a partnership with Dune Analytics for real-time IP data visualization, underscore Story Protocol's expanding capabilities beyond IP registration.
Story Protocol Token Soars 21% Amid New Features and Privacy Upgrade
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