Story Faces Community Backlash Following Jason Zhao’s Departure
Story, a blockchain platform for programmable intellectual property (IP) with $23 million in total value locked, is drawing criticism from the crypto community following co-founder and CEO Jason Zhao’s announcement that he is stepping down after three and a half years with the project.
Zhao said on X on Aug. 16 that his decision allows him to concentrate on Poseidon, a venture applying artificial intelligence (AI) to industries like science and space.
Following the news, Story’s native token, IP, is trading at $5.70, down 2% on the day and over 11% on the week, according to CoinGecko.
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