The ZetaChain team has voted to shut down the Layer 1 network and migrate the ZETA token to the Solana blockchain. This decision is part of a strategic shift in focus for the project. The team plans to concentrate on developing Anuma, a private AI application. The migration process still requires a second vote to confirm the move. Despite this, the team is proceeding with plans to discontinue the Layer 1 network. The shutdown is expected to take place once the migration is complete.
Source
"ZetaChain to Shut Down Layer 1 Network and Migrate to Solana" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
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