Story Protocol has rebranded because the DATA Basis, shifting its blockchain towards verified knowledge for coaching synthetic intelligence (AI). The venture’s token, which trades as IP rose nearly 15 on the information.
The change renames Story Community as DATA Community and converts IP into a brand new token, DATA, by a one-to-one migration. The muse mentioned demand for AI coaching knowledge outpaced its earlier bets on leisure and gaming.
Why Story Protocol Shifted to Knowledge
The muse introduced the change after concluding that corporations behind invaluable music, video games, and types guarded their rights and resisted open licensing.
That resistance clashed with Story’s authentic purpose of creating all mental property programmable. The venture had already tokenized music rights from main artists, however most homeowners stayed cautious.
In contrast, an incubated knowledge venture referred to 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 Basis’s CEO, defined.
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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 Community turns into DATA Community, and the migration requires no rapid motion from holders. The muse mentioned integrations and validators proceed with out interruption.
The reshuffle follows different current management adjustments on the venture.
The rebrand additionally brings a partnership with Kled, billed as the biggest opt-in human knowledge market. The muse mentioned Kled provides greater than 1.5 billion photographs, movies, and recordsdata to the community. Its founder Avi Patel joins as chief knowledge officer.
Two instruments anchor the community, an audit platform referred to as Hint and the Poseidon processing layer. Collectively they purpose to show the place knowledge got here from and ensure its high quality for consumers.
In the meantime, Story’s IP token traded close to $0.34, a market worth of about $121 million on $95 million in day by day quantity.
Confidential Knowledge Rails are due on mainnet within the third quarter. Whether or not main AI labs undertake the community will decide if the info pivot can outlast the decline that preceded it.
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