Harmony Sunsets Layer-1 Chain, Proposes Token Migration to Ethereum
Harmony will end its standalone Layer-1 operations and shift its token and validator base to an Ethereum-based AI video project.
Harmony announced it will fully sunset its Layer 1 chain. The protocol proposes migration of its token to Ethereum to support a new 'remix economy' AI video initiative.
Harmony stated it will assist validators in transitioning to the new initiative. Migration mechanics, timelines, and validator participation details remain unspecified in the reported statement.