Story Foundation Responds to Token Unlock Delay, Stating Project Still Needs Time to Build Use Cases

BlockBeats News, February 9th, SY Lee, Co-founder of Story Protocol, responded to the project's first large-scale IP token unlock delay until August 2026, stating that the blockchain network still needs "more time" to build real-world use cases. The six-month extension will keep the team and investor tokens locked to reduce short-term circulating pressure.

SY Lee stated that the current on-chain revenue, close to zero, does not accurately reflect Story's business situation. Their business model does not rely on gas fees but rather provides permissioned AI training data generated by humans in an off-chain manner. He pointed out that the project is transitioning from tokenizing media content to "non-scrapable" human contribution data and enterprise-level partnership. This adjustment has reduced short-term visible on-chain revenue but aims to unlock long-term commitments and alleviate token supply pressure. (CoinDesk)