Jason Zhao, the innovative mind behind Story Protocol, has decided to take a step back from his hands-on role in the intellectual property blockchain project to pursue an ambitious new venture in the realm of artificial intelligence. Announced today, Zhao will transition from his full-time duties to focus on Poseidon, an AI initiative targeting the advancement of industries like biopharma, robotics, and space exploration. He’ll continue to lend his expertise to Story Protocol as a strategic adviser, ensuring his legacy endures.
A New Chapter in AI
Zhao, who co-founded Story Protocol in 2021, has been a pivotal figure in its development, transforming the way intellectual property is managed and monetized through blockchain technology. His departure marks a significant shift for the project, which has attracted over $130 million in venture capital, including investments from heavyweights like a16z. Zhao’s vision for Poseidon is no less audacious. In a recent post on X, he likened the potential of AI-driven innovation to a new Industrial Revolution, emphasizing the transformative power of language generation as just the beginning.
The implications of Zhao’s new focus are vast. Poseidon aims to harness AI to push the boundaries of what’s possible in frontier industries, promising to bring a cascade of advancements that could reshape entire sectors. Still, as with any pioneering venture, the path forward is riddled with uncertainties. The AI landscape is fiercely competitive, with countless startups vying for dominance. Zhao’s track record, however, suggests he thrives in such environments. This competitive spirit is reminiscent of the recent launch of Worldcoin Rival Humanity Protocol, which has also entered the fray with a focus on privacy-first identity solutions.
Transition at Story Protocol
With Zhao stepping back, Story Protocol’s leadership baton passes to co-founder SY Lee, who will assume the role of CEO. The company’s leadership team is further bolstered by Andrea, now the chief product officer, and Sandeep, the chief AI officer. Their task? To continue Zhao’s legacy while carving out new pathways for growth and innovation.
Story Protocol itself has become a beacon in the blockchain space, making IP rights more accessible and programmable—effectively democratizing access to the tools needed for creators to thrive in a digital economy. Under Lee’s guidance, the platform is expected to further evolve, potentially expanding into new markets or refining its technological capabilities. This evolution mirrors efforts seen in the broader blockchain ecosystem, such as Animoca’s launch of the NUVA marketplace, which aims to unify the fragmented RWA sector.
The market has responded positively to these changes, with Story Protocol’s native token, IP, showing resilience. Trading above $5.80, the token has seen a modest 2% increase, reflecting investor confidence in the platform’s future prospects despite Zhao’s departure.
Looking Ahead
Zhao’s exit from day-to-day operations at Story Protocol raises intriguing questions about the project’s trajectory. Will the new leadership team maintain the momentum and continue to innovate at the same pace? And how will Zhao’s new venture, Poseidon, fare in the cutthroat world of AI? The answers remain to be seen.
Yet, one thing is clear: Zhao’s passion for pushing boundaries is undiminished. His commitment to remain involved with Story Protocol through partnerships and investments underscores his belief in its potential. As Zhao himself noted, this project has been “the most meaningful experience” of his life—a testament to the indelible mark he has left on both the company and the industry.
As the crypto and AI sectors continue to evolve at breakneck speeds, the moves made by pioneering figures like Zhao are sure to have ripple effects. Investors and industry watchers alike will be keeping a close eye on both Story Protocol and Poseidon, eager to see how these ventures will shape the future landscape.
Source
This article is based on: Story Protocol Co-Founder Jason Zhao Steps Back to Pursue New AI Venture
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
