AI decentralized autonomous organization (DAO) ai16z has changed its name to ElizaOS following concerns from tech venture capital firm Andreessen Horowitz (a16z) over brand confusion.
The rebrand was announced on Jan. 28 by Eliza Labs founder Shaw Walters.
“As we continue to expand across multiple countries, develop our core technology, and foster an incredible community of builders, we are implementing a comprehensive rebranding initiative to ElizaOS,” Walters wrote on X.
Originally launched as ai16z in October 2024, the project started as a “playful reference” with the goal of raising $75,000 to build an autonomous investor.
“Thanks to incredible contributors, we rapidly grew to one of the biggest projects in the space,” Walters said.
The rebrand also eliminated confusion with Horowitz, which has no ties to ai16z. The similarities between the names had reportedly led to some mix-ups, with Chris Dixon, managing partner at a16z, confirming in an interview that they had requested the project change its name.
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ElizaOS and the future of AI agents
ai16z, now ElizaOS, operates as a decentralized venture capital DAO run by autonomous AI agents.
In January, Eliza Labs introduced ElizaOS, an open-source platform on Solana designed to build and manage AI agents and simulations.
“Rebranding as ElizaOS opens exciting doors to collaboration with established players eager to leverage our groundbreaking tech,” Walters posted on X. He also confirmed that the project is now working on Eliza v2, calling it “the most feature-rich agent framework ever created.”
Walters noted that the ai16z ticker will remain unchanged for now, with future updates subject to a DAO vote.
AI token market shrinks
The ai16z token has seen a sharp decline in the past 24 hours, dropping over 12% to $0.56 and marking a 53% drop in the last seven days, according to CoinGecko. The broader AI crypto market cap has also suffered, falling to $37 billion, a 3.5% decline amid a downturn in AI-related assets.
The ai16z token has seen a sharp decline, dropping below $0.60. Source: CoinGecko
Other major AI-related tokens have also seen losses in the past seven days. Near Protocol (NEAR) is down 2.9%, trading at $4.42, while Internet Computer (ICP) has fallen 2.3%. Bittensor (TAO) has taken a larger hit, dropping 12.3%, now trading at $487.57. Render (RENDER) has declined 3.2%, currently valued at $5.82, and Artificial Superintelligence Alliance (FET) has fallen 9.1%, now at $0.98.
The downturn follows the Jan. 20 release of DeepSeek’s latest AI model, R-1, which reportedly rivals ChatGPT in performance while being significantly cheaper to develop.
The announcement triggered a sell-off in tech and AI stocks, wiping billions from the US market and sparking a correction in AI-focused cryptocurrencies.
Further controversy has emerged after White House crypto and AI czar David Sacks told Fox News on Jan. 28 that there is evidence DeepSeek may have used OpenAI’s model outputs to train its AI through a process called distillation — a method where an AI model learns by imitating the outputs of another.
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