Harmony Devs Plan Blockchain Shutdown, Pivot to AI Video
Developers behind the once-hyped Ethereum competitor Harmony are proposing to shut down the network after citing security threats from state actors and AI.
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Key takeaways
- Harmony developers have proposed a voluntary shutdown of the layer-1 network.
- The team says defending the blockchain against state actors and AI agents has become too difficult.
- Remaining ONE token emissions would be redirected to fund a new AI video venture.
Harmony's developers want to turn off the lights for good. Facing relentless pressure from state-sponsored hackers and automated AI agents, the team behind the former Ethereum competitor is proposing a voluntary, complete shutdown of the blockchain.
A Pivot From Crypto to AI Video
Keeping the chain secure isn't viable anymore—at least according to the network's developers. Rather than continuing to fight off increasingly sophisticated digital attacks, the core team wants to abandon the layer-1 protocol entirely and pivot toward a new venture focused on AI video.
The mechanics are simple under the proposal. Future emissions of the native ONE token won't go toward securing nodes or paying validator rewards. Instead, those tokens will be funneled directly into financing the new AI business.
Why it matters
This is a stark reality check for older layer-1 networks struggling to maintain both traction and security. When a team openly admits it can't defend its code against AI-driven threats, it signals a tough road ahead for other altcoins facing similar pressures. For ONE holders, the move shifts their exposure overnight from an infrastructure token to a speculative AI media project.
Source: CoinDesk
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