I recently saw the collaboration between @Lombard_Finance Lombard and Story Protocol, and I think they've truly addressed a long-standing issue in the creator economy.
We always say content is king, but the transfer of value is stuck in a backward payment system. Royalties are often forgotten, and platforms claim they'll take a cut. Revenue sources are single and opaque. It's like driving a Ferrari down a muddy country road.
They introduced Bitcoin as a solution, and I think the approach is clear. Bitcoin is more than just a currency; it's more like an efficient financial infrastructure. It brings two innovations that directly address pain points:
1. Using Bitcoin to distribute royalties: This is like paving a global highway for the flow of value. Creators no longer need to go through layers of intermediaries and toll booths, and their income can reach them instantly and without loss.
2. Using Bitcoin to guarantee IP: This is a brilliant idea. It transforms time-consuming and labor-intensive legal disputes into self-executing smart contracts on a blockchain. In the event of a default, the pledged Bitcoin is automatically liquidated and paid out, leaving the issue of trust to immutable code. This provides a real sense of security for original creators who need protection.
I personally believe that the most valuable aspect of this collaboration is that it demonstrates the broader potential of Bitcoin. It's not just digital gold; it can become the cornerstone of future financial applications. When the most valuable asset begins to safeguard the most promising IP, a new economy truly led by creators and with free flow of value may be just around the corner. This is indeed just the beginning, but the direction is exciting.