The cryptocurrency sector has once again staged a thought-provoking drama. Story Protocol, once regarded as a star project in the IP blockchain field, has now become the focus of industry controversy.

The project's co-founder Jason posted a resignation statement on social media, reflecting on more than three years of entrepreneurial journey. However, this seemingly calm farewell letter has caused a huge uproar in the encryption currency circle.

Many people question the actual achievements of the Story Protocol. Some comments point out that the project has only developed a blockchain with limited functionality, while the founder chose to leave shortly after the token was issued. Even more, some directly question the specific work results over the past three and a half years.

From a financial perspective, the situation appears even more perplexing. Some have calculated that, despite the project financing reaching 130 million dollars, the daily revenue is only 17 dollars, which stands in stark contrast to its multi-billion dollar fully diluted valuation. This stark disparity has sparked widespread skepticism and criticism.

Story Protocol gained significant attention due to its collaborations with well-known brands like OpenAI and BTS, and is regarded as a benchmark for IP blockchain narratives. However, just a few weeks after the mainnet launch and the token issuance, the founder chose to leave, leading to confusion and disappointment among many.

This event also reflects a common phenomenon in the cryptocurrency industry: teams that truly focus on technological innovation and practical applications often remain under the radar, while projects that excel at packaging concepts and gathering top team resources often attract substantial funding and attention.

Jason's resignation statement was originally intended to be a calm farewell, but unexpectedly became a microcosm of the current state of the entire Web3 industry. This is not just the story of an individual or a project, but a reflection of the challenges and introspections faced by the entire encryption industry.

This event has once again sparked people's thoughts on the actual value and long-term sustainability of encryption currency projects. In this rapidly evolving field, how to balance innovation, financing, and practical application has become a serious consideration for every participant.