Harmony is proposing to shut down its blockchain, citing threats linked to artificial intelligence, according to Decrypt. Under the plan, the team wants to move its native ONE token to Ethereum and shift its focus toward the AI-video business. Harmony is urging users to withdraw from or otherwise exit smart contracts on the network before September 10. The proposed transition could affect holders of ONE and participants using Harmony’s blockchain applications, although the supplied information does not specify the process or timeline for the blockchain shutdown beyond the stated deadline. Ethereum is expected to serve as the destination network for ONE if the plan proceeds. Users and market participants should monitor further announcements from Harmony for details on the migration and the status of remaining smart contracts.
