The Most Underrated Ecosystems for Airdrop

On February 13, 2025, Story Protocol carried out its first major airdrop — distributing 10% of its total supply, worth around $915 million at today’s value. It marked one of the largest airdrops in crypto history.

Yet with such a powerful debut, the question now echoes across the community. After such a grand beginning, is there still room for another airdrop in the Story ecosystem?

Story of Story

Backed by global investors like a16z, Hashed, and Samsung Next, Story Protocol is building a blockchain infrastructure for managing and monetizing intellectual property on-chain.

The project has raised over $216 million and reached a $2.8B market cap (FDV ~$9B) after 5 months mainnet — a remarkable milestone for a Korean-born protocol expanding onto the global stage.

But momentum in crypto can be fragile. In August 2025, Jason Zhao, one of Story Protocol’s co-founders, announced his departure from the project — just six months after its token launch.

The news quickly fueled speculation across the community. Some believed Zhao had already exited his position through OTC deals, while others said he was simply taking time off after years of nonstop building. Either way, the timing — coming so soon after one of the largest airdrops in crypto history — raised eyebrows.

To supporters, Zhao’s move was far from an “exit.” He remained involved as a strategic advisor, shifting focus toward Poseidon, Story’s AI-oriented data layer — a return to his earlier passion for artificial intelligence. To critics, however, the timing felt uneasy: Story had just completed one of the largest airdrops in history, while on-chain revenue remained modest — reports suggested only a few dozen dollars in daily transaction fees. It was, they argued, a textbook example of a founder stepping back right after the hype.

Still, there was no public fallout. No harsh words. No dramatic thread. In the end, SY Lee, the remaining co-founder, took the helm, steering Story into its next phase — one where questions of sustainability, product-market fit, and real IP adoption would matter more than ever.

What followed was a period of quiet rebuilding, where the team doubled down on partnerships, ecosystem growth, and proof of real on-chain traction. That persistence paid off.

Today, Story has become a point of pride for South Korea’s Web3 scene. Few Korean projects have ever made it this far — listed on Upbit, backed by domestic giants, and operating within an ecosystem that now moves over $100 million in monthly trading volume. Even fewer have dared to bridge real-world assets and digital IP through tools like DAT (Digital Asset Treasury), positioning Story as a living experiment in how culture and capital can coexist on-chain.

At its core, Story Protocol has evolved beyond a single token or chain — it’s now a network of builders experimenting with the future of creative ownership.

Among its expanding lineup, four projects stand out as the heartbeat of the ecosystem:

• Poseidon

• Verio

• StoryHunt

• Ip. world

How to farm airdrop on Story Ecosystem

Poseidon

First, Poseidon — the flagship project of the Story ecosystem and its boldest leap into the world of AI.

Positioned as the data layer for creative intelligence, Poseidon lets anyone upload, train, and license datasets directly on-chain — transform raw data into assets that fuel the next generation of decentralized AI models.

The excitement around Poseidon’s first campaign was undeniable. During Season 1, tens of thousands of users joined in to farm points, train models, and claim early badges that are widely believed to count toward a future airdrop. Some estimates put participation at over 350,000 unique wallets, marking Poseidon as one of the most active data-driven campaigns in the Story ecosystem so far.

The project has just wrapped up Season 1 on September 17th, 2025, rewarding early users who participated in data contribution and on-chain missions. But don’t worry if you missed it — Season 2 is coming, and it’s shaping up to be even bigger.

Here’s how you can start farming the Poseidon airdrop:

First, go to app.psdn.ai — the official platform for Poseidon’s data contribution program.

Next, choose a language you’re comfortable speaking or understanding.

Finally, follow the on-screen prompts and record your voice as instructed. Each completed task earns you points that contribute toward your overall airdrop eligibility.

ip world

Next comes ip.world, a fast-paced project that has quickly become one of the most talked-about names in the Story ecosystem. Positioned as the creator hub within Story’s on-chain IP network, IP.World aims to connect artists, brands, and studios through collaborative ownership and monetization tools — where every creative work can live, evolve, and generate value on-chain.

What’s interesting is how often Story’s core team amplifies IP.World — retweeting its updates, highlighting its milestones, and hinting at deeper integration within the ecosystem.

With its growing community, consistent mentions from Story’s official channels, and upcoming feature drops, many believe ip.world could play a central role in the next phase of the ecosystem’s reward campaigns.

Here’s how you can start farming the Poseidon airdrop:

Here’s how to start farming on ip.world:

First, head over to ip.world — the main platform for creating and managing on-chain IP tokens.

Next, click “Create Token” in the top-right corner. Upload an image, give your token a name, and hit Create to mint your very first IP.

If your image already represents an existing intellectual property, make sure to check the box “This token has IP.”

According to IP.World, creators who register their IP properly can earn a 3% royalty whenever their work is used or licensed within the platform. Some early users have already reported earning over a thousand dollars in profit from these royalties — proving that real ownership in the Story ecosystem can actually pay.

Verio

Next is Verio, the leading liquid staking protocol in the Story ecosystem. Built as the financial backbone of Story’s IP economy, Verio enables users to stake and restake their $IP tokens, unlocking liquidity while securing the network. It’s where ownership meets utility — transforming staked IP into productive capital that fuels the entire ecosystem.

As of now, Verio has reached an impressive $64 million in Total Value Locked (TVL), making it one of the most dominant and trusted platforms within Story’s growing DeFi layer.

Farming the Verio airdrop is surprisingly straightforward. All you need to do is stake your $IP tokens on Verio to receive vIP, the liquid staking token that currently offers around 5% APY.

If you’re worried about potential downside risk on $IP while staking, you can take a delta-neutral approach using platforms like Hyperliquid.

Simply short $IP with 1x leverage for the same amount you’ve staked. This way, you’ll earn funding fees averaging around 10.5% APR, effectively hedging your exposure while still farming the Verio rewards.

In total, this strategy can deliver an estimated 13% APR, combining Verio’s staking yield and funding income — all while keeping your position risk-neutral and staying eligible for future airdrops.

StoryHunt

StoryHunt, the on-chain marketplace of ideas built natively into the Story ecosystem. As an IPFi Automated Market Maker (AMM) DEX, StoryHunt enables users to swap, provide liquidity, and farm yields on IP-backed memecoins, RWA tokens, and creative assets — all anchored within Story’s vision of programmable IP

Despite being relatively young, StoryHunt has already drawn serious traction. It currently holds roughly $8.47 million in TVL on the Story chain.

With rising TVL, consistent on-chain activity, and strong visibility from the Story team, StoryHunt is quickly becoming a prime candidate for future airdrop rewards, especially for users who actively swap, stake, or provide liquidity early.

If you’re looking to qualify for a potential StoryHunt airdrop, the best way is to add liquidity (LP) or make swaps directly on the platform.

For users who already hold vIP tokens from Verio, there’s an almost risk-free strategy — simply provide liquidity for the IP/vIP pair, since both assets move closely together in price.

Here’s how to add liquidity on StoryHunt:

Go to app.storyhunt.xyz.

Navigate to the Pool section and select the token pair you’d like to provide liquidity for.

Remember that StoryHunt operates as a CLMM (Concentrated Liquidity Market Maker), so be sure to set your price range carefully to minimize the risk of impermanent loss (IL).

At the moment, StoryHunt’s APR ranges from 0.4% to 144%, depending on the trading pair. The most recommended options are IP/USDC — offering the highest APR and TVL — or IP/vIP, for those who prefer lower risk and minimal exposure to IL.

Lastly, since Story is still a relatively young ecosystem, the number of projects with strong teams but no tokens yet remains limited — which is exactly why Story Protocol might be one of the most underrated ecosystems in crypto right now.

Beyond the projects mentioned above, there are several others worth keeping an eye on, such as Mimboku, Piperx, and a growing list of builders quietly shaping the next wave of on-chain creativity.