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

Jason Zhao, co-founder of Mental Property Blockchain Undertaking Story Protocol, will get away from his full-time position after greater than three years of constructing the platform.

Zhao introduced via a social media submit that he’ll stay as a strategic adviser whereas specializing in a brand new AI initiative, Poseidon, which applies synthetic intelligence to frame industries reminiscent of science, biopharma, robotics and house.

“Language technology is simply the primary wave of a cascade of plentiful intelligence about fields … which, if efficiently, will type a brand new industrial revolution,” mentioned Zhao in a submit about X.

Zhao launched the story protocol in 2021 as a strategy to make mental property ‘programmable’, permitting regulation holders to allow and earn content material instantly within the chain.

The venture has since protected greater than $ 130 million in enterprise financing from Backers, together with A16Z.

Management will now proceed solely to co-founder Sy Lee as CEO, alongside Andrea as a chief product Officer and Sandep as Chief AI officer.

Zhao mentioned that he’ll stay near the story via partnerships and investments and name the venture ‘essentially the most significant expertise of my life’.

Token of Story Protocol, IP, acts above $ 5.80, a rise of two% on the day.