Story Co-Founder Responds to Token Unlock Delay, Stating Project Needs More Time to Build Use Cases

Odaily News: SY Lee, co-founder of Story Protocol, responded to the project's decision to postpone its first large-scale IP token unlock to August 2026, stating that the blockchain network still needs "more time" to build real use cases. This six-month delay means tokens for the team and investors will remain locked to reduce short-term selling pressure.

SY Lee explained that the current near-zero on-chain revenue does not accurately reflect Story's business status. Its business model does not rely on gas fees but rather on providing licensing services for human-generated data to AI training through off-chain methods. He pointed out that the project is shifting from tokenizing media content to "unscrapable" human-contributed data and enterprise-level licensing partnerships. While this adjustment reduces short-term visible on-chain revenue, it helps to unlock long-term commitments and alleviate token supply pressure. (CoinDesk)