Story Co-Founder Jason Zhao Transitions to Strategic Advisor Role
On August 16, Story co-founder Jason Zhao tweeted that he will resign from his full-time position within the project. He will remain involved as a strategic advisor. This management transition highlights Zhao’s continued influence on Story’s strategic direction while freeing him from day-to-day operations.
Neutral
A co-founder’s shift from a full-time to advisory role typically has limited direct impact on token price or trading volume. While Zhao’s advisory position ensures strategic continuity, stepping back from daily operations could raise questions about leadership capacity. Historically, similar transitions (e.g., Ethereum co-founder role adjustments) have produced neutral market responses. In the short term, traders will watch for governance stability but significant price movements are unlikely. Over the long term, ongoing advisory support may sustain development without major volatility.