PIP Labs, the company that developed Story Protocol, recently laid off 5 full-time employees and 3 contractors, representing approximately 10% of the total workforce engaged in Story-related entities. The company stated that the layoffs aim to conduct a small-scale workforce adjustment and shift focus toward AI-related IP infrastructure, focusing on AI transaction data and AI agent application scenarios. The network launched in 2025 and introduced its native token IP, but the token price has declined approximately 86% from its historical high. (Decrypt)
PIP Labs, the company that developed Story Protocol, recently laid off 5 full-time employees and 3 contractors, representing approximately 10% of the total workforce engaged in Story-related entities. The company stated that the layoffs aim to conduct a small-scale workforce adjustment and shift focus toward AI-related IP infrastructure, focusing on AI transaction data and AI agent application scenarios. The network launched in 2025 and introduced its native token IP, but the token price has declined approximately 86% from its historical high. (Decrypt)