📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Story has reached a $360 million IP Token reserve plan with a NASDAQ-listed company.
Story Company recently announced a partnership with Nasdaq-listed Heritage Distilling Holding Company, Inc. to launch a digital asset reserve program totaling $360 million. This program is supported by several well-known investment institutions, including a certain Crypto Assets investment company and a certain asset management company.
Industry insiders believe that this transaction is quite similar to the recent case where another listed company saw a significant increase in stock price after launching an Ethereum digital asset reserve strategy. It is noteworthy that this is the first time a well-known investment institution has participated in a listed company's digital asset strategic allocation, and it also sets a record for the lowest market capitalization among Nasdaq-listed companies to introduce a digital asset strategy reserve, indicating huge potential for future development.
To support this reserve plan, Heritage will invest $82 million to purchase tokens from the Story Foundation. In response, the Story Foundation promises to fully repurchase these tokens in the secondary market within 90 days.
Story is a platform that allows users to register intellectual property on-chain and set usage terms through smart contracts, aimed at facilitating convenient transactions and monetization of IP between humans and AI agents. The platform has already tokenized hundreds of thousands of digital assets and collaborated with several globally recognized artists and brands, continuously expanding the application scope of IP.
In 2024, Story cooperates with an AI company to introduce a transparent authorization and compensation tracking mechanism, supporting the training of open-source AI models. In 2025, an investment company launches the Story Trust, providing regulated investment channels for institutional investors. In July of the same year, Story initiates the Poseidon incubation project to further expand the decentralized training data field, supporting various AI scenarios.
The founder of Story stated: "We are currently in a golden era of innovation in encryption, AI, and the tokenization of real assets. With the popularity of AI, we believe that IP tokens will become the new 'digital gold', with immense value potential."
Heritage CEO pointed out: "This transaction is a breakthrough in our company's, and even the entire listed company's digital asset strategy. We are well aware of the unique value of intellectual property and view IP tokens as a new strategic reserve asset leading the growth of the future AI era."
This strategic transaction is supported by several senior experts in the fields of encryption and technology, who will provide professional guidance for the strategic development of Heritage. The core team includes the founder of Story, a co-founder of an asset management company, former executives from tech giants, and several investment experts.
The director of the Story Foundation stated: "The mission of Story is to make intellectual property an investable and programmable asset. This reserve plan reflects our ability to scale and implement effectively. Through this structure, public market investors can easily invest in IP tokens through equity investment, without the need to manage digital wallets. We plan to use all net cash proceeds from this transaction for public market buybacks, demonstrating responsible governance and deep collaboration, while also bringing a leading advantage in the digital asset field to Heritage."