Azuki Dao Rebrands to Bean, Drops Lawsuit Against Founder

Azuki DAO, an independent decentralized autonomous organization (DAO) linked to the Azuki non-fungible token (NFT) collection, has announced a significant rebranding, transitioning to the name “Bean.” This change comes alongside the DAO’s decision to withdraw a proposed legal action against Azuki’s founder, Zagabond, related to a controversial $39 million NFT minting event. The rebranding signifies a shift in strategy, with Bean moving towards developing a memecoin project and integrating it into the Ethereum layer-2 Blast ecosystem.