Story Protocol has announced a six-month delay in its first large-scale IP token unlock, now scheduled for August 2026. Co-founder SY Lee explained that the blockchain network requires additional time to develop real use cases, aiming to reduce short-term circulation pressure by keeping tokens locked for the team and investors. Despite current on-chain revenue being near zero, Lee emphasized that Story Protocol's business model focuses on licensing services for human-generated data to AI training, rather than relying on gas fees.
The project is transitioning from tokenized media content to enterprise-level licensing collaborations involving human-contributed data. This strategic shift, while impacting short-term on-chain revenue visibility, is intended to support long-term commitments and ease token supply pressure.
Story Protocol Postpones Token Unlock to 2026 for Use Case Development
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