Story Protocol has finalized the migration of its IP token to the new DATA token. The conversion was conducted at a 1:1 ratio, with no changes to the total supply cap of 1 billion tokens. Trading for the new asset has resumed on major platforms, including Coinbase, Bybit, KuCoin, and MEXC.
This transition concludes a rebranding process initiated on June 25, 2026. The project has shifted its focus from intellectual property licensing to infrastructure for AI training data. The entity formerly known as Story Protocol now operates as the DATA Foundation.
The platform is introducing new tools, including the Trace on-chain registry and the Poseidon data processing system. A key component of this pivot is an integration with the Kled marketplace, which adds over 1.5 billion user-contributed records to the ecosystem.
The project has secured approximately $134 million in funding, with support from investors such as Andreessen Horowitz. Historically, the original IP token reached a peak of approximately $14.78 before declining to around $0.35.
