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Story Protocol Pauses IP Token Trading for Migration to DATA
Trading of Story Protocol's IP token will be temporarily halted from October 5 to October 7, 2026, as the token undergoes a migration to a new identity as DATA. During this three-day period, holders of the IP token will see their balances automatically converted to DATA at a 1:1 ratio, with no action required on their part. This migration is part of a rebranding effort that was announced on June 25, 2026, transitioning the project from Story Protocol to the DATA Foundation and Data Network, which will focus on AI training data infrastructure.
The trading suspension will affect multiple exchanges, including Coinbase, where the IP token is currently listed. Once the conversion is complete, trading of the new DATA token will resume. The supply structure remains unchanged, with the IP token having a capped supply of 1 billion tokens, ensuring that holders maintain the same proportion of ownership after the migration.
The rebranding marks a significant shift in the project's focus from intellectual property licensing to providing a registry for AI training data. This pivot aims to address the growing demand for rights-cleared data in AI development, as scrutiny over data sourcing intensifies. The DATA Foundation will continue to utilize existing infrastructure, including the Trace registry and Kled integration, to document user-contributed records and track data rights. The next key date for stakeholders is October 7, 2026, when the conversion window will close.
Source: KLEA News