ZetaChain token holders vote 99.4% to shut down its Layer 1 and migrate ZETA to Solana, with the team refocusing on Anuma AI app.
Regulation & Gov ·
ZetaChain token holders approved a shutdown of the blockchain's Layer 1 chain with 99.4% support, according to an on-chain vote. The decision includes migration of the ZETA token to Solana and a strategic pivot toward the team's Anuma AI application. This marks a significant shift from the project's original focus on operating an independent blockchain network.
The vote reflects a recalibration of resources and priorities within the ZetaChain ecosystem. Rather than continuing to maintain and develop a standalone Layer 1, the team has opted to consolidate operations by leveraging Solana's existing infrastructure. The concentration of voting power at 99.4% approval suggests minimal internal opposition to the restructuring plan among participating token holders.
Several details remain unclear: the timeline for the Layer 1 shutdown, technical specifications of the token migration mechanism, and the current stage of development for Anuma AI. The extent to which existing Layer 1 applications and users will be affected, and what transition support the team plans to provide, have not been detailed in available reports.