Question about Rankers now being Envy?

Hi guys! I'm super new to the Valorant Esport scene 'cause I was following Eggsterr, my favourite player into his pro team, but not following closely, I didn't realise they are now called Envy instead of Rankers? Does anyone know WHY this happened? Is it better or worst? I'm just a bit confused, I thought "Rankers" was a lot cooler than something official anyway, being this rag tag group of elite rank queuers lol