Harmony proposes shutting down its own blockchain to pivot toward AI video
The team's plan to migrate ONE onto Ethereum and chase AI-video revenue is essentially an admission that the Harmony L1 has no viable path forward on its own · a rare case of a project voluntarily pulling the plug on its chain. The September 10 smart contract deadline creates real urgency for anyone still holding funds or positions there, since stranded assets post-shutdown could become unrecoverable. Worth watching whether token holders vote this down or whether low community engagement lets it sail through.
🔴 Bearish · a layer-1 chain abandoning its own infrastructure signals fundamental loss of confidence in the network's future
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September 7, 2026 7
