BuddyPress.org

If you don’t have one yet, create file named bp-custom.php and add the code below then upload to server in wp-content/plugins/ folder

<?php

remove_action( 'bp_adminbar_logo',  'bp_adminbar_logo' );

function my_adminbar_name() {
global $bp;
echo '<li><a>root_domain . '">' . Website Connect . '</a></li>';
}
add_action('bp_adminbar_menus', 'my_adminbar_name', 1);

?>

Replace “Website Connect” with what you want.