Beginning May 21, 2019, Google “Team Drives” will become “shared drives.” On the web and in Drive File Stream, the change will occur during the first week of June. Any desktop shortcuts that link to content inside of shared drives must be updated.
This name change has no impact on drive or folder functionality. It is simply a name change to highlight that the drives can be used for more than just sharing within teams.
Read more about this change on the GSuite Updates Blog: Team Drives is being renamed to shared drives.