[Story Protocol Developer PIP Labs Lays Off About 10%, Focuses on AI-Related Directions] BlockBeats News, March 14: Layer 1 IP blockchain Story Protocol's development company, PIP Labs, recently laid off 5 full-time employees and 3 contractors, accounting for approximately 10% of the staff involved in Story-related work. The company stated that this move aims to reallocate resources and further focus on intellectual property (IP) infrastructure related to AI agents and AI training data. PIP Labs completed an $80 million Series B funding round in 2024, with a valuation of approximately $2 billion, led by Andreessen Horowitz. Meanwhile, the Story ecosystem incubation project Poseidon (AI data platform) is providing compliant training data for AI developers, and its growth is considered a key driver for the company's strategic adjustment.