AI16z, a enterprise capital fund powered by AI brokers, has formally rebranded to ElizaOS, marking a strategic shift in its development and place within the business.
Following the announcement, CryptoSlate’s information indicated that the venture’s AI16z token is now buying and selling at $0.61, displaying a 6% drop in 24 hours and a 50% decline over the previous week.
Why the rebrand?
ON Jan. 29, the venture founder, Shaw Walter, defined that the choice was borne out of the necessity for a stronger identification because the adoption of its expertise grows.
In response to him:
“We’re turning towards the subsequent chapter of the venture. As we proceed to broaden throughout a number of nations, develop our core expertise, and foster an unimaginable neighborhood of builders, we’re implementing a complete rebranding initiative to ElizaOS.”
Walter famous that AI16z initially began as a lighthearted reference to VC agency Andreessen Horowitz (a16z) whereas elevating $75,000 to construct an autonomous investor. Nonetheless, as adoption surged, the venture scaled quickly, growing its belongings underneath administration (AUM) by 300x in three months.
This rebrand is ready to determine a stronger, extra unified identification that “opens thrilling doorways to collaboration with established gamers desirous to leverage our groundbreaking tech.”
He added:
“Eliza will proceed to be our mascot and the face of the venture. The $ai16z ticker stays for now, with future adjustments to be voted on by the neighborhood when our DAO voting module launches. We is not going to create extra tokens.”
The venture operates on the Solana blockchain and integrates AI with neighborhood participation. It permits its holders to work alongside the AI agent Marc AIndreessen to suggest and vote on funding methods.
ElizaOS v2
In the meantime, the rebrand additionally aligns with the upcoming launch of Eliza v2, a next-generation AI agent framework designed to push automation and clever planning to new heights. The up to date framework integrates hierarchical job networks, permitting AI brokers to execute multi-step processes, adapt to real-time adjustments, and streamline decision-making throughout industries.
This evolution helps Eliza Labs’ broader imaginative and prescient of creating Synthetic Normal Intelligence with real-world purposes. In response to Walter, the crew stays dedicated to constructing AI methods able to proactive problem-solving, bridging gaps in automation and clever decision-making.
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