PIP Labs, the developer of Story Protocol, laid off about 10% of its staff and is shifting its focus to AI intellectual property infrastructure.

CoinFeed reported on March 14th that, according to Decrypt, Story Protocol developer PIP Labs has laid off some employees and contractors, affecting 5 full-time employees and 3 contractors, approximately 10% of the total workforce involved in Story Protocol-related entities. Affected teams include the Story Foundation and the infrastructure project Poseidon. Andrea Muttoni, Chief Protocol Officer at Story, stated that this personnel adjustment aims to further focus on core areas, with the company increasing investment in AI intellectual property infrastructure, focusing on AI training data and AI agent-related applications.