PANews reported on August 8th that Story Foundation has partnered with the Hangzhou Cultural Property Exchange and Starbase to officially launch China's first advertising-related RWA compliance project, creating a new three-party collaboration model led by state-owned enterprises, operated by a compliance platform, and supported by Web3 technology.

With the help of Story's innovative on-chain full-process traceability and ownership confirmation mechanism, the project provides a compliant and standardized demonstration case for the digital transformation of traditional non-standard assets in China.

This collaboration marks a significant progress in Story's IP compliance ecosystem development in the Asian market, and also opens up a new path for the subsequent listing of cultural assets on the blockchain.