February 9th, SY Lee — co-founder of Story Protocol — addressed the delay of the project’s first large-scale IP token unlock to August 2026, noting the blockchain network still needs “more time” to build real-world use cases. The six-month extension will keep team and investor tokens locked to reduce short-term circulating supply pressure. Lee stated near-zero current on-chain revenue fails to accurately reflect Story’s business situation. Its model doesn’t depend on gas fees; instead, it offers permissioned AI training data generated by humans off-chain. He noted the project is shifting from tokenizing media content to “non-scrapable” human contribution data and enterprise partnerships. This adjustment has cut short-term visible on-chain revenue but is designed to unlock long-term commitments and ease token supply pressure. (CoinDesk)
