ZetaChain Proposes Halting Layer 1 Block Production on December 9, Transferring ZETA 1:1 to Solana ZetaChain has initiated an onchain governance vote proposing to permanently stop block production on its Layer 1 network on December 9 and transfer native ZETA 1:1 to Solana as an SPL token. The proposal also plans to simultaneously launch ZetaLabs, a privacy-focused AI application tailored for financial markets, where ZETA will be used for AI service payments, feature unlocking and product management. In addition, the project plans to burn approximately 55 million ZETA - originally allocated for verification rewards - in batches throughout 2027. Voting should end on November 7. - Link.

ZetaChain Proposes Halting Layer 1 Block Production on December 9, Transferring ZETA 1:1 to Solana ZetaChain has initiated an onchain governance vote proposing to permanently stop block production on its Layer 1 network on December 9 and transfer native ZETA 1:1 to Solana as an SPL token. The proposal also plans to simultaneously launch ZetaLabs, a privacy-focused AI application tailored for financial markets, where ZETA will be used for AI service payments, feature unlocking and product management. In addition, the project plans to burn approximately 55 million ZETA - originally allocated for verification rewards - in batches throughout 2027. Voting should end on November 7. - Link.