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Story Protocol (IP) aims to build a decentralized marketplace for intellectual property rights, addressing the challenges that traditional IP systems cannot cope with in the AI era through an innovative technical architecture. The IP token, as a core element of the Story protocol, provides multiple functions such as decentralized governance, transactions, and security guarantees. This article will detail the design concept of the Story protocol, the functions of the IP token, and its application in the blockchain ecosystem, helping readers understand how this innovative project promotes the deep integration of AI and intellectual property rights.