Acronyminate

To turn into an acronym.

"The League of Villainous Entities is quite an imprudent name for a bunch of
villains, after all, it acronyminates into love."

(alternative spelling Acronominate)

I include acronominate simply because it is more etymologically accurate. (i.e.,
to nominate is to name, etc.) Acronyminate is more euphonic. Etymology or
fluency? I don't know, you decide.