[Story Co-Founder Defends Token Unlock Delay, Citing Need for 'More Time'] According to CoinDesk, Story Protocol co-founder S.Y. Lee defended the decision to delay the token unlock in an interview. The project has postponed its first major IP token unlock by six months to August 2026. Lee stated that the project needs 'more time' to build use cases and pointed out that the current near-zero on-chain revenue is a 'misleading metric.' He explained that the core of Story's business model lies in offline licensing of AI training data rather than on-chain transaction fees. The project is shifting from tokenizing media content to focusing on 'non-scrapable' human-contributed data and enterprise licensing agreements, which has delayed the visibility of on-chain revenue. Lee cited the precedent of Worldcoin extending its lock-up period to 2024, stating that this move signals a long-term commitment rather than a sign of distress.