Shaw Walters ends ELIZAOS and AI16Z token support after a lawsuit settlement and shifts focus back to open-source AI software.

Walters said the team used its remaining treasury and available funds to settle the class action lawsuit represented by Burwick Law.

Eliza Labs founder Shaw Walters said the ELIZAOS foundation is closing and holders should sell, ending the token that replaced AI16Z after a lawsuit, rebrand and 97% crash.