Story renames to DATA Foundation, and native IP tokens will be migrated to new DATA tokens at a 1:1 ratio

According to ChainCatcher, The Block reports that Story, originally focused on on-chain intellectual property infrastructure, has rebranded as DATA Foundation and shifted its business focus towards AI training data, launching the on-chain data registration and auditing platform Trace. Story's native IP tokens will be migrated 1:1 to the new DATA tokens, and holders do not need to take any action. Specific timing and further guidance will be announced later.

DATA also announced a deep integration with the AI training data marketplace Kled, bringing over 1.5 billion user-contributed data entries into the DATA network. Through Trace, every data contribution will generate an on-chain receipt, recording data sources, authorization methods, contributors' consent, and payment information, supporting settlements to contributors in stablecoins or fiat currency.