based on the materials of the website - By Coinlive.me
Jason Zhao, co-founder of Story Protocol, announced on August 17, 2025, his transition to the role of strategic consultant, focusing on the new Poseidon project, which uses AI for industries such as space exploration.
Zhao's transition impacts the leadership dynamics of Story Protocol and market stability, revealing potential effects on token profitability and investor confidence amid the project's development and strategic restructuring.
Jason Zhao, co-founder of Story Protocol, announced his departure from a permanent position to focus on the new Poseidon initiative. Zhao is transitioning to the role of strategic consultant, continuing to influence the development direction of Story Protocol. He emphasizes the smoothness of the leadership transition.
Key leadership changes include the appointment of co-founder S.Y. Lee as the new CEO, along with other key appointments. Zhao's decision aligns with his revived passion for AI aimed at transforming the fields of science and space exploration.
"I have revived my original passion, a fascination I have had since my time at DeepMind: applying AI in advanced fields such as science and space. It is time to fully dedicate myself to this endeavor." — Jason Zhao, co-founder of Story Protocol
Zhao's action led to a 6.3% drop in the value of Story Protocol's intellectual property token, reflecting investor concerns. The community's reaction is mixed, with some being skeptical about Zhao's potential super profits.
The financial implications include a recent fundraising of $130 million for the development of Story Protocol. Zhao's departure followed token generation, further impacting market sentiment and investor confidence.
Zhao retains a strategic role, indicating his unwavering commitment to the cause, despite the transition to Poseidon. His experience at DeepMind strengthens Poseidon's vision. The current company leadership announces further efforts to maintain the growth trajectory initiated under Zhao.
Based on historical trends, Zhao's departure reflects the familiar volatility of tokens observed in other DeFi projects. The absence of comments or statements from external regulatory bodies allows stakeholders to focus on adjusting internal governance as a top priority.
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