Mugafi, an AI-driven studio, collaborates with Avalanche to tokenize entertainment intellectual property.
Mugafi and Avalanche Partnership: Mugafi has partnered with Avalanche to tokenize entertainment IP, enabling creators to finance and distribute projects directly onchain, with a goal of exceeding $1 billion in annual IP financing throughput.
AI-Driven Evaluation: Mugafi's AI systems evaluate projects based on thousands of scripts and story structures before they are financed onchain, supporting over 1,500 creator and studio opportunities across various regions.
Emerging Trends in Web3: The initiative reflects a growing trend in the entertainment industry to bring IP onchain, with other companies like Animoca Brands and PIP Labs also exploring tokenization and rights management in the Web3 space.
PIP Labs and Story Protocol: PIP Labs has developed Story Protocol, a blockchain designed for managing intellectual property onchain, allowing creators to tokenize their work and maintain control over its use, supported by significant funding from investors.
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Technical Analysis for IP
Technical Sentiment Analysis for Story (IP) As of , Story (IP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Story (IP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.273 | 0.666 | 1.01 | 1.403 | 1.747 | 2.14 | 2.485 |
| Fibonacci | 0.666 | 0.948 | 1.122 | 1.403 | 1.685 | 1.859 | 2.14 |
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