Story, previously focused on on-chain intellectual property infrastructure, has rebranded to DATA Foundation and pivoted its business to AI training data. The project launched Trace, an on-chain data registration and audit platform. The native IP token will be migrated 1:1 to the new DATA token without any action required from holders. DATA also deeply integrated with AI training data marketplace Kled, connecting over 1.5 billion user-contributed data points to its network. Each data contribution generates an on-chain receipt recording source, authorization, consent, and payment details, supporting stablecoin or fiat settlement for contributors.
Rebranding and Strategic Pivot
According to ChainCatcher citing The Block, Story, a project originally focused on building on-chain intellectual property infrastructure, has officially rebranded as DATA Foundation and redirected its business focus toward the AI training data sector. Alongside the rebranding, the project launched Trace, an on-chain data registration and audit platform designed to trace and verify data contributions.
Token Migration and Ecosystem Integration
Regarding tokens, Story's native IP token will be migrated to the new DATA token at a 1:1 ratio. Token holders do not need to take any proactive action; the project will announce the specific migration timeline and instructions later. Meanwhile, DATA Foundation announced a deep integration with Kled, an AI training data marketplace, connecting over 1.5 billion user-contributed data points to the DATA network. Through the Trace platform, each data contribution generates an on-chain receipt that records the data source, authorization method, contributor consent, and payment details. The platform supports settlements to contributors via stablecoins or fiat currency.
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