Trading of the IP token is suspended from October 5 to October 7, 2026, to facilitate a migration to the new DATA token. The conversion occurs automatically at a 1:1 ratio on participating exchanges, including Coinbase, requiring no action from token holders.
The migration follows a rebranding announced on June 25, 2026, which transitioned the project from Story Protocol to the DATA Foundation and Data Network. The initiative now focuses on infrastructure for AI training data, utilizing the existing Trace registry and Kled integration.
The project, which launched its mainnet and IP token in February 2025, previously raised approximately $134 million from investors such as Andreessen Horowitz. The total supply remains capped at 1 billion tokens, mirroring the structure of the original IP asset.
The platform aims to document 1.5 billion user-contributed records through its Trace registry to provide rights-cleared data for AI developers. Following the completion of the conversion on October 7, 2026, trading for the new DATA token is expected to resume.
