The most overlooked play on Nasdaq right now isnât an ETF or miner.
Itâs a company quietly earning yield from on-chain IP.
Itâs called @ipstrategy_ (Nasdaq: $IPST) and it just shared results from its first validator report.
Since launch, the validator reached 99.9% uptime and generated 422K $IP in rewards - about $3.5M in revenue just by securing the Story network.
The story behind it is bigger as IP Strategy holds 42.5M $IP on its balance sheet.
Itâs one of the few public ways to get exposure to the programmable IP economy without touching crypto directly.
Story is quickly becoming the chain for tokenized IP - from K-pop royalties and webtoons to AI data and film rights.
Grayscale added $IP to its AI Fund.
Seoul Exchange chose Story for RWA settlement.
Barunson, studio behind Parasite, launched its IP platform on Story.
IPST earns yield every block and scales with the ecosystem.
If you missed MicroStrategyâs early move on Bitcoin, this feels like the sequel.
Our first validator performance report is live.
This marks the beginning of a monthly publication cycle aimed at providing transparency around validator operations, yield generation, and updates around ecosystem developments.
IP Strategyâs validator performance for the period Oct 1 to 31, 2025:
â 246,893 $IP tokens earned from staking
â 99.9 % validator uptime
â 13,241 $IP in validator fees
â 42.5 million $IP currently staked
âčïž Since launch, IP Strategyâs validator has generated ~422,664 $IP tokens in rewards, equivalent to ~$3.49 million in cumulative revenue as of September 30 pricing. The validator business also earns commission income from third-party delegations, providing external $IP holders a secure, institutional-grade staking environment.
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