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

CoinFeed June 25 news, according to The Block, Story, originally focused on on-chain intellectual property infrastructure, has been renamed DATA Foundation, shifting its business focus to AI training data, and launched the on-chain data registration and auditing platform Trace. DATA also announced deep integration with AI training data marketplace Kled, connecting over 1.5 billion user-contributed data entries to the DATA network. Through Trace, each data contribution generates an on-chain receipt, recording data source, authorization method, contributor consent, and payment information, supporting settlement to contributors in stablecoins or fiat currency. Story's native IP tokens will be migrated 1:1 to the new DATA tokens, holders do not need to take any action, and specific timing and guidance will be announced later.