Story Protocol Co-Founder Jason Zhao Steps Back to Pursue New AI Venture

Jason Zhao, co-founder of intellectual property blockchain project Story Protocol, is stepping away from his full-time role after more than three years of building the platform.

Zhao announced via a social media post that he will remain as a strategic adviser while turning his focus to a new AI initiative, Poseidon, which applies artificial intelligence to frontier industries such as science, biopharma, robotics, and space.

“Language generation is just the initial wave of a cascade of abundant intelligence across fields… that, if successful, will constitute a new Industrial Revolution,” Zhao said in a post on X.

Zhao launched Story Protocol in 2021 as a way to make intellectual property “programmable,” enabling rights holders to register and monetize content directly on-chain.

The project has since secured more than $130 million in venture funding from backers, including a16z.

Leadership will now pass fully to co-founder SY Lee as CEO, alongside Andrea as chief product officer and Sandeep as chief AI officer.

Zhao said he will remain close to Story through partnerships and investment, calling the project “the most meaningful experience of my life.”

Story Protocol’s token, IP, is trading above $5.80, up 2% on-day.