Harmony Plans Blockchain Shutdown to Pivot to AI Video
Harmony is telling users to exit smart contracts before September 10 as it shifts its ONE token over to Ethereum.
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Key takeaways
- Harmony proposes shutting down its layer-1 blockchain due to AI security threats.
- The ONE token will migrate to Ethereum as the team shifts into the AI-video business.
- Users must exit all smart contracts on Harmony before September 10.
Harmony's developers are pulling the plug on their blockchain, blaming security risks tied to AI threats.
Instead of maintaining a standalone network, Harmony plans to ship its ONE token over to Ethereum. At the same time, the project is making a hard pivot into AI video.
Deadline set for smart contracts
Clock's ticking if you use the network. Harmony is telling users to pull out of all smart contracts on the chain before September 10.
Why it matters
Holding funds in Harmony smart contracts? Move fast. You have until September 10 to drain your positions before the lights go out. Beyond the panic to withdraw, Harmony's retreat shows just how fast alt-L1 chains can throw in the towel when security hits a wall or new tech trends pop up. Blockchain longevity isn't guaranteed.
Source: Decrypt
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Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
