Story Transforms into DATA Foundation, Native IP Tokens to Be Migrated 1:1 to New DATA Tokens

PANews June 25 news, according to The Block, Story, originally focused on on-chain intellectual property infrastructure, has been renamed to DATA Foundation, shifting its business focus to AI training data and launching the on-chain data registration and audit platform Trace. DATA also announced a deep integration with the AI training data marketplace Kled, bringing over 1.5 billion pieces of user-contributed data onto the DATA network. Through Trace, each data contribution generates an on-chain receipt, recording data source, licensing method, contributor consent, and payment information, supporting settlements to contributors in stablecoins or fiat currency. Story’s native IP token will migrate 1:1 to the new DATA token; holders do not need to take any action, and specific timing and guidelines will be announced later. Primary clients are AI labs and enterprises building their own models, with Poseidon responsible for verifying and scoring datasets.

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