Question 1

What is Data Network?

Accepted Answer

DATA is the native token of DATA Network, the Layer 1 blockchain formerly known as Story Network. The IP token was renamed DATA on 25 June 2026, with native balances converting automatically at a 1:1 ratio and existing staking positions remaining unchanged. DATA is used to pay transaction fees, stake or delegate to validators and take part in governance. It supports on-chain actions involving data provenance, confidential access, intellectual property registration and licensing. Commercial licence, royalty or data payments may use other supported tokens, while DATA covers the network fee. DATA Network was developed from Story Protocol by PIP Labs, co-founded by Seung Yoon “SY” Lee and Jason Zhao, and is stewarded by The DATA Foundation.

Question 2

Who created Data Network?

Accepted Answer

Data Network was created by its founding team and developers. For detailed information about the project's origins and team, please refer to the official documentation and whitepaper.

Question 3

How do I buy Data Network?

Accepted Answer

You can buy Data Network on various cryptocurrency exchanges. First, create an account on a reputable exchange, complete the verification process, deposit funds, and then place an order for Data Network.

Question 4

Is Data Network a good investment?

Accepted Answer

The value of Data Network, like all cryptocurrencies, can be volatile. Before investing, research thoroughly, understand the risks, and never invest more than you can afford to lose. Consider consulting a financial advisor.

Question 5

How do I store Data Network?

Accepted Answer

You can store Data Network in cryptocurrency wallets. Options include hardware wallets (most secure for long-term storage), software wallets, and exchange wallets. Always backup your wallet and keep your private keys secure.

Question 6

What makes Data Network unique?

Accepted Answer

Data Network has unique features and technology that differentiate it from other cryptocurrencies. These may include its consensus mechanism, transaction speed, scalability solutions, or specific use cases within its ecosystem.

Question 7

What is the current price of Data Network?

Accepted Answer

The current price of Data Network is displayed at the top of this page and updates in real-time. You can also view historical price charts and market data including 24-hour trading volume and market capitalization.

Question 8

How is the Data Network network secured?

Accepted Answer

The Data Network network is secured through its consensus mechanism, which may include Proof of Work, Proof of Stake, or other validation methods. This ensures transaction integrity and prevents double-spending.

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