Being responsible for strategy there’s one thing I’m absolutely sure of: with the current name we’re never going to achieve worldwide adoption. While the name may sound fine to non-native English speakers, it certainly does not to those who are. And in fact, our goal is worldwide adoption.
I’ve talked to many people in the community and of course, the entire Byteball Core team and that gives me enough confidence to say that there is a vast majority of you who agree that it is a good idea to do a rebrand. It is a big effort, but one that is absolutely, positively, worth it.
Changing an existing brand is always very difficult as you are replacing an emotional brand with a new word, lacking the same emotional attachment.
With that out of the way I want to share with you what we did so far, and what we are going to do in the coming months.
What we did so far
In several rounds of internal discussions and suggestions we came up with quite a few good candidate names and also the main principles we want the new name to adhere to.
Once we had our options and conditions clear enough we decided to hire a naming agency to help us structure and finalize this process.
We picked 10 top tier worldwide agencies and sent them an extensive briefing. After discussions and proposals from all of them we narrowed our selection down to 3 candidate agencies and from there to 1. The agency we eventually selected is Skriptor Zigilla, the #1 European Naming Agency with impressive international clients like Oppo, Heineken, ING, Philips, Roche, Shell, Vodafone, Bayer and Novartis.
They helped us structure our discussion and their creative team came up with more than a 100 new candidate names. Not to just have a big pool of names to choose from, we had plenty of names ourselves, but to select strategic and creative routes to develop.
The options we explored through all of these candidate names can be described as follows:
- Instrumental names;
- Instrumental Positioning names;
- Conceptual names;
- Abstract / Abstracted names.
On top of that we had an extensive list of boring conditions like “can potentially be registered and protected as a Global trademark”, etc. And of course the name has to apply to / not collide with the main design principle of Byteball “Simplicity is Beauty”.
After our first session we had a pretty good list that helped us finetune our selection, here are some examples of what we did not want:
- Not too long or complex (e.g. SphereByte, CascaByte);
- Not close to other brands (e.g. Hubyte → Hubii Network);
- No clear misspelled components (e.g. TruByte, ByteBux);
- No phonetically negative connotations (e.g. FlowByte, BriskByte);
- Not too playful (e.g. CheerByte, FreshByte);
- Not too vague (e.g. MondoByte, XiByte);
- No wrong associations (e.g. Bytrum → rum);
- Not overpromising (e.g. FabByte).
And what we do want:
- Short names with a relevant relation to the proposition;
- Confident names;
- Something round / sphere related;
- More abstract / one word names with / derived from the component Byte;
- Names that sound well.
In our second session it was a lot easier to get down to a short list this way and in our third session we managed to narrow our options down to 5 candidate names!
One of those 5 was our favorite so we decided to do linguistic research on it. After all, we don’t want to make the same mistake twice. The linguistic research resulted in a positive recommendation which means we are going to take it forward and actually go ahead with the renaming and rebranding process!
What we are going to do
1. Change impact assessment
2. Plan
3. Rename
4. Temporary visual identity and logo, keep the website + content
5. New visual identity, new website
To create the new visual identity we are going to hire an external agency with extensive experience in rebranding.
Without further ado
All social media and other relevant accounts will be updated to reflect the name and logo changes.
I love the new name, as well as the idea of smart contracts.
My translation team use to work on Byteball/Obyte project and I had an opportunity to get more familiar with the idea behind the project, and I must say - it's brilliant!
Hope that Obyte will have an extremely successful year and that all plans and goals will be realized, and last, but not least - that new ideas will emerge!
New name sounds much better to me
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Glad you like it :-)
Do remember to follow @obyte to keep up to date with recent news and announcements.
Cool new name. Really like the DAG technology and honestly think its better then Blockchain for many different use-cases. My own chain is using DAG.
When I was designing the core of my own chain, I used Byteball as a reference (among other chains.) I wish you guys luck in the future with this new rebrand.
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