Story pauses IP trading for October token migration to DATA
Key Summary
Trading for Story (IP) token is suspended from October 5 to October 7, 2026, allowing for a 1:1 conversion to DATA, the new token of the DATA Foundation and Data Network. The conversion will occur automatically for holders, with the trading halt covering exchanges including Coinbase. The project, initially launched as a Layer 1 blockchain for intellectual property, has shifted focus towards AI data infrastructure. IP had a capped supply of 1 billion tokens, and the conversion maintains the same supply structure, ensuring a 1:1 ratio for holders. The conversion window closes on October 7, 2026, after which DATA trades independently.
The token migration signifies a strategic pivot towards AI data infrastructure, potentially enhancing data rights management in a growing market.