Story Protocol's two royalty policies, runnable: tap any IP asset in a derivative chain to pay 100 WIP into it and watch LAP give every ancestor its absolute cut until the stack hits 100% and mints revert, while LRP compounds hop by hop and dilutes the original to dust.
Story raised $140M to make IP programmable for the AI era. We read its chain: 6.46M registered IP assets, 230,300 licenses ever minted, one week of royalties totaling $10 — plus the LAP/LRP royalty math and the precompile at 0x0101 that computes the graph.