Mugafi Partners with Avalanche to Enhance Creator Funding through AI and Tokenization
Mugafi and Avalanche Partnership: Mugafi has partnered with Avalanche to tokenize entertainment IP, enabling creators to raise funds and distribute their work directly, bypassing intermediaries.
Funding Goals: The collaboration aims to secure over $10 million in entertainment IP funding initially, with a long-term target exceeding $1 billion annually, showcasing Avalanche's capability to manage real-world assets.
Job Creation and AI Utilization: The partnership is expected to create over 1,500 job opportunities in AI, production, and blockchain operations across various regions, leveraging Mugafi's AI models to assess project viability.
Web3 Trends in Entertainment: The trend towards onchain management of entertainment IP is growing, with companies like Animoca Brands and PIP Labs exploring tokenization and rights management to enhance ownership clarity and distribution efficiency.
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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 | 0.277 | 0.668 | 1.015 | 1.406 | 1.752 | 2.143 | 2.489 |
| Fibonacci | 0.668 | 0.95 | 1.124 | 1.406 | 1.687 | 1.861 | 2.143 |
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