IP Rallies 15% as Story Protocol Abandons Broad Vision for AI Data
Story Protocol has rebranded as the DATA Foundation, shifting its blockchain towards verified information for coaching synthetic intelligence (AI). The venture’s token, which trades as IP rose virtually 15 on the information.
The change renames Story Network as DATA Network and converts IP into a brand new token, DATA, via a one-to-one migration. The basis mentioned demand for AI coaching information outpaced its earlier bets on leisure and gaming.
Why Story Protocol Shifted to Data
The basis introduced the change after concluding that corporations behind precious music, video games, and types guarded their rights and resisted open licensing.
That resistance clashed with Story’s unique aim of creating all mental property programmable. The venture had already tokenized music rights from main artists, however most house owners stayed cautious.
By distinction, an incubated information venture known as Poseidon signaled stronger demand. It raised a $15 million seed led by a16z. The identical agency backed Story’s roughly $134 million throughout three funding rounds.
“Labs have successfully run out of web to scrape,” Andrea Muttoni, the DATA Foundation’s CEO, explained.
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Muttoni, beforehand the corporate’s president, had explored how AI reshapes IP earlier than the rebrand. IP launched in February 2025 and peaked at $14.78 that September, however now trades about 98% decrease.
What the Shift Means for Holders
Story Network turns into DATA Network, and the migration requires no fast motion from holders. The basis mentioned integrations and validators proceed with out interruption.
The reshuffle follows different recent leadership changes on the venture.
The rebrand additionally brings a partnership with Kled, billed as the biggest opt-in human information market. The basis mentioned Kled provides greater than 1.5 billion photos, movies, and information to the community. Its founder Avi Patel joins as chief information officer.
Two instruments anchor the community, an audit platform known as Trace and the Poseidon processing layer. Together they goal to show the place information got here from and ensure its high quality for patrons.
Meanwhile, Story’s IP token traded close to $0.34, a market worth of about $121 million on $95 million in each day quantity.
Confidential Data Rails are due on mainnet within the third quarter. Whether main AI labs undertake the community will decide if the information pivot can outlast the decline that preceded it.
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