ZetaChain governance approves L1 shutdown and migration of ZETA to Solana
ZetaChain governance proposal 68 has passed with 99.4% approval, authorizing the shutdown of its L1 network and the migration of the native ZETA token to Solana. The plan involves a 1:1 swap of ZETA for SPL tokens on Solana, maintaining the original ticker and supply. The move aligns with the team's shift in focus toward the AI application Anuma and its underlying infrastructure, reducing the necessity for a standalone L1.
Summaries are written by AI from the original article. Not investment advice.