PIP Labs, developer of Layer 1 blockchain Story Protocol, raised $80 million in a Series B round led by a16z crypto, with other investors including Polychain Capital, Scott Trowbridge, senior vice president and board member of Stability AI, K11 founder and billionaire Adrian Cheng, and digital art collector Cozomo de 'Medici. Story aims to tokenize intellectual property and ensure original content creators are rewarded in the age of artificial intelligence.