ZetaChain Proposes Halting Layer 1 Block Production on Dec 9, Migrating ZETA 1:1 to Solana ZetaChain has initiated an onchain governance vote proposing to permanently halt block…
Original source excerpt
ZetaChain Proposes Halting Layer 1 Block Production on Dec 9, Migrating ZETA 1:1 to Solana ZetaChain has initiated an onchain governance vote proposing to permanently halt block production on its Lay…
ZetaChain Proposes Halting Layer 1 Block Production on Dec 9, Migrating ZETA 1:1 to Solana ZetaChain has initiated an onchain governance vote proposing to permanently halt block production on its Layer 1 network on December 9 and migrate native ZETA 1:1 to Solana as an SPL token. The proposal also plans to concurrently launch ZetaLabs, a privacy-focused AI application tailored for financial markets, where ZETA will be utilized for AI service payments, feature unlocking, and product governance. In addition, the project plans to burn approximately 55 million ZETA—originally allocated for validator rewards—in batches throughout 2027. Voting is scheduled to conclude on November 7.
AI context is not available for this statement. The original source can be read independently.