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4 sourcesTracking since 20 Sept, 20:11

ZetaChain holders approve winding down Layer 1 and moving ZETA to Solana

In brief

ZetaChain holders approved a plan to wind down the project’s Cosmos-based Layer 1 network and migrate ZETA to Solana. The migration still requires confirmation from exchanges and a second vote to determine the snapshot, claims and shutdown schedule. The team plans to focus on Anuma, its private AI application.

Summary written by HeraldLoop from 4 sources · updated 11h ago

What changed

  1. 20 Sept, 20:11ZetaChain votes to shut down Layer 1 network and move ZETA to Solana · The Block
  2. 21 Sept, 07:31ZetaChain holders approve plan to wind down L1, move ZETA to Solana · Cointelegraph
  3. 21 Sept, 21:10ZetaChain Votes to Wind Down Layer 1 and Move ZETA to Solana · The Defiant
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Chronological coverage

  1. 21 September
  2. Latest21 Sept, 21:10

    ZetaChain Votes to Wind Down Layer 1 and Move ZETA to Solana

    Proposal 68 passed with 99.4% support and 58% participation, but exchanges must confirm the swap before a second vote sets the snapshot, claims and shutdown schedule.

    The DefiantThe Defiant•The Defiant Team
  3. Follow-up21 Sept, 07:31

    ZetaChain holders approve plan to wind down L1, move ZETA to Solana

    ZetaChain plans to wind down its Cosmos-based layer 1 and migrate ZETA to Solana, joining other crypto projects moving away from standalone chains.

    CointelegraphCointelegraph•Cointelegraph by Ezra Reguerra
  4. Follow-up21 Sept, 04:53

    ZetaChain votes to shut down Layer 1 network, migrate ZETA to Solana

    ZetaChain's shift to Solana reflects a strategic pivot towards AI, altering its market identity and impacting investor expectations significantly.

    CryptoBriefingCryptoBriefing•Editorial Team
  5. 20 September
  6. First seen20 Sept, 20:11

    ZetaChain votes to shut down Layer 1 network and move ZETA to Solana

    The team plans to focus instead on Anuma, its private AI app, though the migration will still take one more vote.

    The BlockThe Block•Zack Abrams