Techub News reports that, according to CoinDesk, Story Protocol co-founder SY Lee responded to the project's first large-scale IP token unlock being postponed to August 2026, stating that blockchain networks still need "more time" to build real use cases. SY Lee said that the current on-chain revenue, which is close to zero, does not accurately reflect Story's business situation. Its business model does not rely on Gas fees but instead provides permission services for human-generated data to AI training off-chain. He pointed out that the project is shifting from tokenized media content to "uncrawlable" human contribution data and enterprise-level licensing collaborations. Although this adjustment reduces short-term visible on-chain revenue, it helps unlock long-term commitments and alleviates token supply pressure.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Techub News reports that, according to CoinDesk, Story Protocol co-founder SY Lee responded to the project's first large-scale IP token unlock being postponed to August 2026, stating that blockchain networks still need "more time" to build real use cases. SY Lee said that the current on-chain revenue, which is close to zero, does not accurately reflect Story's business situation. Its business model does not rely on Gas fees but instead provides permission services for human-generated data to AI training off-chain. He pointed out that the project is shifting from tokenized media content to "uncrawlable" human contribution data and enterprise-level licensing collaborations. Although this adjustment reduces short-term visible on-chain revenue, it helps unlock long-term commitments and alleviates token supply pressure.