Crypto Giant Grayscale Rolls Out New Trust for Mid-Cap Altcoin That’s up More Than 100% in the Past Month

The digital asset management giant Grayscale has launched a new trust for a mid-cap altcoin that has doubled its value in the past month. Grayscale’s new Story Trust provides accredited investors with exposure to Story ( IP ), a layer-1 blockchain network focused on intellectual property. Story launched in February and aims to provide a scalable intellectual property solution on a blockchain where rights holders can upload IP, set the terms of use and monetize it throughout the protocol’s application ecosystem. The project also brings real-world data to artificial intelligence (AI) systems, including robots, surgical assistants and autonomous vehicles. Story’s native asset, IP, is trading at $5.95 at time of writing. The 69th-ranked crypto asset by market cap is down more than 2% in the past 24 hours but up more than 8% in the past seven days and more than 100% in the past month. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, says the asset manager’s new trust reflects Story’s technological potential. “Grayscale Story Trust gives investors exposure to a protocol shaping the foundational intellectual property layer for the information and AI era. That includes not just creative content, but real-world data – the force powering one of today’s most advanced intelligent systems.” The trust is solely invested in the IP token. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Giant Grayscale Rolls Out New Trust for Mid-Cap Altcoin That’s up More Than 100% in the Past Month appeared first on The Daily Hodl .