Ai16Z, which has gained an important place in the Altcoin world, re -branded as Elizaos after the warning that Andreessen Horowitz (A16Z) caused brand confusion. The new name reflects the future vision of the project better, while there will be no change in the management and roadmap.

The reason for the altcoin name change

Ai16Z, a popular Altcoin project, was released as a DAO based on AI -supported Treasury management and investment strategies in October 2024. His name was selected as a word game referring to A16Z, the abbreviation of Andreessen Horowitz.

However, with the rapid growth of the project in the block chain area, the name similarity began to create problems. In an interview, the investment company A16Z Crypto’s executive partner, in an interview, confirmed that this similarity created confusion and demanded a change of name from the Ai16z team.

Elizaos: New ID

Shaw Walters, the founder of Eliza Labs, announced the Elizaos brand on the Discord of the project. The new name is seen as an identity that can open doors for larger collaborations with the main technology of the project. Walters, Elizaos, with the big players in the industry by making cooperation with the technologies can reach the wider audience, he said.

With this change, the necessary notifications were made to the stock exchanges, but the name of the Ai16z Token will not be changed for now. In the future, short name can be updated with community vote.

Altcoin project continues

Despite the name change, there will be no change in the project’s development roadmap, DAO assets and management structure. The Elizaos team announced that a new token will not be created and that the current system will continue to work on the Solana block chain.

Investors under the management of DAO will continue to vote for investment ideas, token reproductions and strategic planning with the AI ​​-supported asset manager named Marc Aindreessen.

Market Response and Wide Effects

The re -branding process was met with mixed reactions in the markets. Ai16z Token, one of the popular crypto assets, fell 12 %after the announcement to 0.56 dollars and fell to $ 0.56 and suffered a total of 53 %depreciation in the last 30 days.

In general, the crypto market was negatively affected. Large -oriented projects such as Near, ICP and rendering, such as artificial intelligence -oriented projects, have recently experienced significant loss of value.