[Brief] Eliza Labs Founder Declares Native Token 'Dead,' Winds Down Foundation
[Brief] Eliza Labs Founder Declares Native Token ‘Dead,’ Winds Down Foundation [Core Summary] Eliza Labs founder Shaw Walters announced that the project’s native token ELIZA is “dead” and will wind down the associated foundation. This move follows a settlement agreement between Eliza Labs and the US law firm Burwick Law, marking the end of this once highly-watched AI+crypto project. Event Details According to The Block, Eliza Labs founder Walters announced on social media that the project’s native token ELIZA has lost its raison d’être, and the foundation will cease operations. Previously, Eliza Labs faced a class-action lawsuit filed by Burwick Law alleging securities violations, and the parties ultimately reached a settlement. ...