Azuki DAO, the force behind the OG NFT project, is undergoing a significant transformation, shedding its old name for a new identity: “Bean.” This rebrand isn’t just a cosmetic change; it signals a strategic shift as the organization ventures into the world of memes.

Set to be a part of Blur’s latest Ethereum Layer 2 network, Blast, the Bean project has secured a whopping $10 million in funding. This meme-inspired initiative is poised to generate a substantial supply of one billion tokens, adding a touch of excitement to the crypto landscape.

Admitting that their initial token distribution plan fell short, Azuki DAO developers have revamped their approach. Now, 50% of Bean tokens go to Azuki DAO, 40% to the Bean Treasury, and the remaining 10% is reserved for the enigmatic founder, “Zagabond.” The promise comes with a commitment to an enhanced financial foundation and a roadmap for future strides.

The decision to adopt a new moniker comes in the wake of a legal tussle involving Zagabond, linked to Azuki’s recent NFT collection, “Elementals.” These NFTs closely resembled the original Azuki PFP assets, leading to a substantial financial setback of $39 million for investors. The devaluation of Azuki NFTs by 44% resulted from the unfortunate resemblance. Azuki DAO initially took legal action against Zagabond, but the dispute is now being resolved through the organization’s rebranding strategy.

Now emerging as Bean, with a robust treasury of $10 million and a billion tokens at its disposal, the project sets the stage for an exciting meme-centric chapter. Original Azuki enthusiasts can look forward to a fresh take inspired by the highly cherished “BEANZ” collection, marking a new era for the project.