ElizaOS Founder Announces ai16z Token is 'Dead', Foundation to Wind Down

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ElizaOS founder Shaw confirmed that the ai16z token is "completely dead," with the foundation winding down operations. No buybacks or new capital will support the token, and Shaw no longer holds any. The team will focus on developing Eliza without the pressure of a token. Shaw criticized the crypto industry’s emphasis on speculation and meme coins, favoring the AI community’s product-driven approach. With no new token listings or token launch announcements expected from the project, Eliza’s future will depend on its core technology.
ME AI message: Shaw, founder of ElizaOS, posted that the ai16z token has been “completely dead,” with the associated foundation gradually winding down operations. There is currently no funding available for token buybacks, and no additional funds or token supply will be introduced to support the market; he no longer holds any related tokens and will not support the launch of an Eliza token in the future. Shaw stated that Burwick previously filed a lawsuit against the project, and due to lack of funds for legal defense, the team reached a settlement with some holders and surrendered the remaining treasury and funds. He emphasized that he never sold any ai16z tokens and did not profit from the project beyond a salary comparable to other engineers. He added that the team will continue developing Eliza and its underlying operating system, planning to restart without the pressure of tokens, launchpads, or community price speculation. Shaw retains ownership of all Eliza-related intellectual property and will focus in the future on localized, privacy-preserving, and crypto-enabled agent technologies. Shaw also expressed continued belief in blockchain technology but remains pessimistic about the industry’s current cultural obsession with speculation, prediction markets, and meme coins; in contrast, he believes the AI community is more focused on building products. (Source: BlockBeats)
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