Story Rebrands to DATA Foundation In AI Pivot
The company said Trace will verify training data provenance as it adds Kled founder Avi Patel and targets AI firms facing a multi-billion-dollar data bottleneck.
- On Thursday, Palo Alto-based Story Protocol rebranded as the DATA Foundation, shifting its focus entirely to artificial intelligence training infrastructure under CEO Andrea Muttoni.
- Facing a critical 'data bottleneck,' Big Tech and AI developers are exhausting public internet scraping sources, prompting the foundation to provide essential infrastructure for sourcing and verifying licensed data at scale.
- Chief Data Officer Avi Patel said the DATA Network integrates Trace, an on-chain registry for provenance, and Kled, a human data marketplace, creating unalterable cryptographic receipts for individual contributions.
- Supported by $140 million in venture funding led by Andreessen Horowitz, the foundation incorporates Poseidon, an AI data processing project that runs the Numo app paying users for authenticated human-generated data.
- This strategic pivot follows similar moves by Web3 platforms Immutable and Coinbase; the DATA integration currently registers 1.5 billion user-contributed records, positioning it to supply verifiable data at scale.
24 Articles
24 Articles
a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache
The startup formerly known as Story Protocol raised $140 million to secure internet rights and is now building an audit layer for data consent, licensing, and provenance for tech firms.
Story Protocol Rebrands as DATA Foundation After AI Pivot
Story Protocol, a layer-1 blockchain originally positioned around intellectual property licensing, is reframing its mission around artificial intelligence. The project announced it is rebranding as the DATA Foundation, saying it will concentrate on building “essential infrastructure for training AI.” In its announcement, the company argued that leading AI labs are reaching a data bottleneck: the open internet has been “effectively exhausted for …
The DATA Foundation Launches to Solve AI's Multi-Billion Dollar Training Data Bottleneck
Story has announced a strategic transition to become The DATA Foundation (“DATA”), launching Trace — an on-chain registry for AI training data provenance and licensing — alongside a flagship integration with Kled, the world’s largest opt-in human data marketplace. The launch registers 1.5 billion user-contributed records on the DATA Network. Andrea Muttoni becomes CEO of […]
Story Protocol Becomes DATA Foundation, Targeting AI Firms Starved for Training Data
Story Protocol is dead. Long live DATA Foundation — and the rebrand isn’t just cosmetic. The organization has repositioned itself… Read the original on Story Protocol Becomes DATA Foundation, Targeting AI Firms Starved for Training Data. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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