Crypto Briefing • October 8th 2026, 4:04 PM
Story completes token migration to DATA as trading resumes
Key Summary
The Story token, known as IP, has officially retired and migrated to the new Data token, DATA, with trading support resumed. The migration was a 1:1 ratio, with no bonus multipliers or haircuts, and holders did not have to take any action. The total supply cap remains at 1 billion tokens, and the project has shifted focus from intellectual property licensing to infrastructure for AI training data.
Please see our real time news feed on our Home Page
Migration Complete
The Story token, known as IP, has officially retired and migrated to the new Data token, DATA, with trading support resumed.How the Swap Worked
The conversion ran at a straight 1:1 ratio, with no bonus multipliers and no haircuts. Holders did not have to do anything. The total supply cap stays at 1 billion tokens.New Focus
The project has shifted focus from intellectual property licensing to infrastructure for AI training data. This includes Trace, a public on-chain registry and audit platform, and Poseidon, a data processing system.Integration with Kled
The biggest piece of that pivot is an integration with Kled, a data marketplace. Assets tied to Kled now bring more than 1.5 billion user-contributed records on-chain.Backers and Funding
The project has raised approximately $134 million, with backers including Andreessen Horowitz.Immediate Practical Effects
DATA is tradable again on major exchanges, and liquidity can flow back. Price discovery can resume across venues.Supply Cap
The 1 billion supply cap remains unchanged, so any future price movement will depend on demand for the token rather than any change in supply from the migration itself.#Data#AI#Crypto#US