ZetaChain to shut down L1 and migrate to Solana

ZetaChain's governance proposal 68 has passed with 99.4% approval, authorizing the project to shut down its L1 blockchain and migrate to Solana. The native ZETA token will be converted to an SPL asset on Solana, shifting its utility from network gas and staking to a subscription model for the Anuma AI application. The team aims to leverage Solana's infrastructure to support Anuma, which currently reports 300,000 users and 1 million AI requests. The transition marks a pivot from a cross-chain interoperability narrative to an AI-focused application model.