ElizaOS Founder: ai16z Token is 'Completely Dead', Related Foundation Gradually Winding Down Operations
2026.08.05 13:47:06
ElizaOS founder Shaw published a statement saying the ai16z token is "completely dead", and the related foundation is gradually winding down operations. There are currently no funds available for token buybacks, nor will new funds or token supply be provided 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; the team lacked funds for legal defense, eventually reaching a settlement with some holders and handing over the remaining treasury and funds. He added that he never sold ai16z tokens and did not profit from the project beyond a salary on par with other engineers. The team will continue developing Eliza and its underlying operating system, planning to restart operations free from the pressures of tokens, launchpads, and community price fluctuations. Intellectual property related to Eliza remains in his possession, and he will focus on localization, privacy protection, and cryptocurrency-enabled agent technology moving forward. Shaw also noted that he still recognizes blockchain technology, but is pessimistic about the current industry’s overemphasis on speculation, prediction markets, and meme coin culture. By contrast, he believes the AI community is more focused on building products.
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