. @StoryProtocol has been making some moves recently. Two weeks ago, they partnered with a NASDAQ-listed company, Heritage Distilling (NASDAQ: CASK), to acquire IP as part of their strategic reserves. The deal is worth around $360 million. Looks like they’re trying to apply MicroStrategy’s playbook to the IP space. Definitely something to keep an eye on—it could have a significant impact on the token price. Heritage Distilling will first spend $82 million to buy tokens from the Story Foundation, and then the foundation will use that money to repurchase IP on the secondary market. The repurchased tokens will be locked in the treasury, which will reduce circulation. Story’s founder just stepped down last week and is now transitioning to an advisory role for the project. While this stirred up quite a bit of buzz, I personally don’t think it will have much of an impact on the project’s fundamentals. A few days ago, I saw that their official team shared a list of some early projects in the Story ecosystem. If you’re interested, you can check out the list below