AI16z, a decentralized self sustaining group (DAO) that integrates synthetic intelligence into treasury management and investment, will swap its title after a demand from mission capital firm Andreessen Horowitz, aka a16z.

Chris Dixon, managing accomplice at a16z Crypto, published the demand within the newest episode of Unchained.

“We assemble been now not connected with AI16z,” Dixon talked about. “I contain they’re within the capability of altering it. We’ve asked them to. It loyal changed into developing a diminutive bit bit of misunderstanding.” A spokesperson for a16z confirmed by electronic mail that by “we,” he had meant a16z, now not a16z crypto.

Shaw Walters, founder of Eliza Labs, announced within the mission’s Discord channel on Sunday night time that ai16z would per chance presumably be rebranded as ElizaOS.

“As we proceed to enlarge across loads of countries, develop our core skills, and foster a elegant community of builders, we are imposing a complete rebranding initiative to ElizaOS,” Walters wrote to community members. “Rebranding as ElizaOS opens engaging doors to collaboration with established gamers concerned to leverage our groundbreaking tech.

A spokesperson for Walters talked about he would now not contend with the title swap beyond what he had written within the Discord announcement, at the side of whether it changed into achieved on the demand of a16z.

Votes for Future Changes

In his Discord announcement, Walters talked about the $ai16z ticker will remain “for now, with future changes to be voted on by the community when our DAO voting module launches.” The ElizaOS team has notified connected exchanges, in maintaining with the announcement, because the AI16Z token is listed on several centralized exchanges at the side of Bybit, Bitget, Gate.io, and KuCoin.

Walters furthermore famed that unique tokens can even now not be created and there won’t be any changes to the mission’s pattern roadmap, DAO holdings, or governance.

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AI16z, created as a parody of a16z, operates on Solana and makes assert of a various governance model keen AI and community participation. Token holders collaborate with the platform’s AI agent, “Marc AIndreessen,” to propose and vote on investment suggestions, token buybacks, and other strategic initiatives. The mission won well-known traction after its Oct. 2024 initiating and the introduction of its initiating-source framework, ElizaOS, which simplifies the creation of AI agents.

Dixon furthermore acknowledged the innovation within the relieve of platforms similar to ai16z. “I settle on to scrutinize the experimentation with the full AI agent bots,” he talked about. “That is what’s stress-free about permissionless innovation.”

A Rising Trend: AI and Crypto

While addressing the title swap, Dixon equipped insight into the rising intersection of AI and crypto—what he called “mega trends.” Drawing comparisons to the synergy between cell, social, and cloud technologies within the 2000s, Dixon emphasized how AI and crypto are increasingly intertwined.

“A form of our recent investments… on the full assemble those subject matters in them—AI and crypto,” Dixon talked about, hinting at unannounced initiatives mad about AI-powered stablecoins and funds.

In recent months, AI agents or successfully-organized laptop capabilities designed to act on their assemble accord similar to transacting on a blockchain or producing exclaim material on social networks assemble been gaining gargantuan traction among crypto customers. Per CoinGecko, tokens connected to AI agents as a category assemble a full market capitalization of $9.8 billion.

Particularly, the token AI16Z started trading on Solana in October and has since garnered a market cap of $645.6 million. Nonetheless, the cryptocurrency has fallen fifty three% within the closing 30 days to interchange fingers at 58 cents, per CoinGecko.