Dragonfly Managing Partner Haseeb Qureshi posted on X: “So I want to ask an obvious question, since ai16z is now a token with a market value of over 1 billion dollars, does it not infringe on a16z's trademark? ai16z initially felt like a parody, but now it seems to have become a more legitimate project with a more positive roadmap.” and is seeking help from intellectual property lawyers to clarify the doubts.

He added: “Without commercial intent, it is difficult to become a token with a market value of 1 billion dollars.”