ZetaChain Targets Dec. 9 to Switch Off Its Blockchain and Move ZETA to Solana
By Unchained
AI summary of the source article
ZetaChain plans to retire its layer 1 blockchain around Dec. 9 and migrate the ZETA token to Solana following a governance vote. Token holders will convert balances one-for-one into Solana SPL tokens as the project pivots toward AI development.
Why it matters
ZetaChain stated that "running our own L1 no longer helps us build private AI," and that each upstream Cosmos SDK patch needs dozens of validators to apply it.
Key facts
- Proposal 70 sets Dec. 9 and block 20,755,000 for the permanent halt of ZetaChain's layer 1 blockchain.
- ZETA will convert one-for-one into a Solana SPL token via a ZetaHub claims portal opening Dec. 9.
- ZetaChain previously halted inbound cross-chain transfers in June and shut off withdrawals on July 1.
Source excerpt · Unchained
Holders approved the wind-down in September, and the follow-up vote setting the date and claim rules has cleared quorum with nearly every vote a yes so far. Wrapped or liquid-staked ZETA has to come out before the snapshot. The post ZetaChain Targets Dec. 9 to Switch Off Its Blockchain and Move ZETA to Solana appeared first on Unchained .