Story Protocol, originally a decentralized network for intellectual property, has rebranded to Data Network to focus on AI training data. The pivot includes the launch of Trace, an on-chain registry for AI training data, and integration with Kled, an opt-in human data marketplace. CEO Andrea Muttoni cited learnings from the Poseidon project, which raised $15 million from a16z, as a key signal. The network aims to solve the shortage of high-quality AI training data by connecting data sourcing, processing, and verification. The IP token is migrating 1:1 to DATA, which has fallen 98% from its all-time high of $14.78 to $0.349, though it rose 14% in 24 hours. Muttoni emphasized scaling and execution going forward.

Key facts

• Story Protocol rebrands to Data Network, pivoting from IP to AI training data.
• Launches Trace, an on-chain registry, and integrates with Kled data marketplace.
• IP token migrates 1:1 to DATA; price down 98% from all-time high at $0.349.
• CEO cites Poseidon project's $15M raise from a16z as key signal.
• Data Network aims to fill gap in data sourcing, processing, and verification.
• 24-hour price jump of 14% but remains near all-time low of $0.275.

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