Blockchain -based Artificial Intelligence Platform Ai16zhas decided to re -brand. The project changed its name to Elizaos. Founder Shaw WaltersThis move will strengthen the cooperation with the big players in the sector. The platform received criticism for its similarity to its original name, Andreesen Horowitz (A16Z), the venture capital company of its original name. A16Z management demanded a change in order to prevent the confusion. Despite the re -branding process, the platform’s Altcoin will protect the AI16Z symbol. Altcoin’s market value exceeded $ 600 million, while the price fell 20 percent in the last 24 hours.
Reasons behind the name change
Walters, the founder of the project, emphasized that the first name was “a fun reference to A16Z” in a statement on social media. However, the rapid growth of the platform increased the risk of brand conflict. Stating that they have grown their existence 300 times in three months, Walters said, “We needed a more professional identity now,” he said.
A16Z’s crypto money lever manager Chris Dixon “Confusion could be foreseen. We had to protect our name ..
ElizaosReferring to the new version of the Walters, Walters announced that they will switch to a community -oriented management model. Whether the symbol of Altcoin will change will be presented to the DAO vote. Walters said, ız We will respect the decision of the community. However, we are not planning to remove Altcoin under a new name for now ”.
Latest situation in AI16Z Coin
Elizaos’s Altcoin AI16Z is experiencing volatility in the process of re -branding. AltcoinThe price of the last day lost 20 percent. However, the market value remains $ 600 million. Analysts believe that name change creates uncertainty in the short term, but will affect the long term positively.
The platform announced Eliza V2 along with its new name. Developers are working on smart contract integration and multiple blockchain network support. Walters said, gaining the trust of our users. We will deepen decentralization with DAO structure. ” The community will test the voting module in the coming weeks.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
