Harmony Proposes Mainnet Shutdown and Migration to Ethereum for AI Pivot

Harmony (Harmony) has released two proposals to shut down its mainnet, which has been operational since 2019, and migrate its native token ONE to Ethereum. The team plans to pivot toward the AI video remixing business, citing threats from state-level actors and AI agents as the primary reason for the network closure. The migration plan involves taking a snapshot of all user wallets, staking delegations, validator rewards, smart contracts, and exchange holdings at the final block. New ONE tokens will be airdropped to corresponding Ethereum addresses, with no