IP-focused blockchain Story Protocol has pivoted to AI and rebranded as the DATA Foundation as it seeks to supply data to major AI firms.

The foundation also announced that Story's native IP token will migrate to the new DATA token on a one-to-one basis.

Story Protocol rebrands as DATA Foundation, launching Trace, an onchain AI training data registry with 1.5B records via Kled and a 1:1 IP token migration.