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For DDEV v1.23.5 or above run
ddev add-on get iamntz/ddev-rename-project
For earlier versions of DDEV run
ddev get iamntz/ddev-rename-project
ddev rename-project my-new-project
The command will create a new DB snapshot, it will remove your current project, will create a new project and finally it will import the newly created DB snapshot.
If you find this add-on useful, please star it on GitHub — stars show appreciation and help maintainers know their work matters.