Magma Partners with Story Protocol for Secure, Collaborative Art Creation

Gaming Staff • March 29, 2024

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Magma, a cloud-based platform for real-time collaboration among professional artists, has partnered with Story Protocol to protect the intellectual property (IP) of the art created on its platform. The partnership aims to provide a comprehensive solution for creating, developing, and safeguarding art for millions of artists worldwide.

Magma offers a virtual workspace that allows artists from various industries to collaborate on the same canvas, with up to 50 team members able to work on projects around the clock. The platform has been successful in reducing meeting time and project delivery time while increasing employee satisfaction. However, artists have concerns about the protection of their IP online.

Story Protocol enables creators to register their IP and control their creations while allowing contributors to join and collaborate. The platform provides a transparent and secure way to track authentication and provenance, unlock new revenue models, and protect IP through self-enforcing rules.

The partnership between Magma and Story Protocol aims to make IP protection an intrinsic part of the creative journey. With over two million artists registered on Magma, the integration with Story Protocol will enable them to collaborate, monetize, and protect their IP. The partnership is a strategic move towards securing assets as part of the creative process and setting a new standard for creative collaboration.

Story Protocol believes that the next wave of crypto will be defined by programmable IP, with creators responsible for setting the rules for their creations rather than centralized intermediaries. The collaboration between Magma and Story Protocol will provide a comprehensive solution for artists to create, develop, and protect their art in the digital age.

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