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BloFin to enable automatic $IP to $DATA migration after Story Protocol rebrand
BloFin announced support for the token rename and migration of Story Protocol's $IP token to the DATA Foundation's $DATA token, following the project's rebranding and strategic shift to AI training data infrastructure.
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BloFin has announced its support for the token rename and migration resulting from the rebranding of Story Protocol to the DATA Foundation. The $IP token will be automatically migrated to the new $DATA token at a 1:1 ratio for existing holders, with the overall supply remaining capped at 1 billion tokens, as before.
This change reflects a broader shift in the network’s focus from intellectual property licensing to providing infrastructure for AI training data, including provenance, consent, licensing, and data processing services. The DATA Foundation has also introduced tools such as Trace for data auditing and Poseidon for data quality scoring and payments, and announced an integration with Kled to expand its data network.
BloFin is a centralized cryptocurrency exchange established in 2019, offering a variety of digital asset trading options with a focus on derivatives, including more than 300 USDT-M perpetual futures contracts. The platform supports spot trading, copy trading, passive income tools, and provides both web and mobile access as well as an API for automated strategies. For more details about its features and services, visit the broker profile on Traders Union.
In an earlier news about BloFin, the broker unveiled new chart-based tools to help traders manage positions and set partial take profit or stop loss orders directly from the platform. You can read more about these enhancements in the previous BloFin update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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