Key Takeaways
- Community members voted overwhelmingly to discontinue ZetaChain’s independent blockchain and transition ZETA to Solana.
- The governance decision achieved 99.4% approval with 58% of stakeholders participating, surpassing quorum requirements.
- The migration will convert ZETA into a Solana SPL token on a 1:1 basis without changing total supply.
- An additional governance vote must determine snapshot timing, migration mechanics, and the final shutdown timeline.
- The project will concentrate efforts on Anuma, its privacy-focused AI platform claiming over 300,000 active users.
ZetaChain community members have voted to discontinue the project’s independent Layer 1 network and transition the ZETA token to the Solana blockchain.
Governance Proposal 68 concluded on Sunday with overwhelming support at 99.4%, data from ZetaChain’s governance platform shows. Voter turnout hit 58%, exceeding the 40% threshold needed for a valid decision.
The outcome represents a significant pivot for a venture that secured $27 million in funding during 2023 to develop cross-chain asset connectivity solutions.
Token Transition to Solana Ecosystem
The approved plan will transform ZETA into a native token on Solana’s network using the SPL standard.
Token holders will exchange their current holdings for Solana-based ZETA at a 1:1 ratio. Both the token symbol and maximum supply will stay the same.
All current token vesting arrangements will remain in effect according to their established timelines.
ZETA tokens currently deployed on Ethereum and BNB Chain fall outside this proposal’s parameters. The governance decision primarily addresses native ZETA holdings and the Layer 1 blockchain’s operational future.
The passing vote doesn’t trigger immediate network shutdown or token movement.
A follow-up governance proposal will establish the specific block height for capturing balance snapshots, identify the final operational block, and provide detailed token claiming procedures on Solana.
ZetaChain indicated this subsequent vote won’t proceed until cryptocurrency exchanges confirm their token swap procedures.
Staking functionality will remain active until the shutdown receives final approval. Details regarding staking capabilities or reward distribution following the Solana transition haven’t been finalized.
Strategic Pivot Toward Anuma AI Platform
ZetaChain stated that operating an independent Layer 1 network no longer aligns with its primary development objectives.
The development team is redirecting resources toward Anuma, a privacy-centric multi-model AI platform that debuted in February.
According to ZetaChain, Anuma has onboarded more than 300,000 users and handled over one million queries across 35 different AI models.
The platform features an encrypted memory architecture capable of functioning across multiple AI model types.
ZETA currently functions within the Anuma ecosystem. Users can stake tokens to obtain credits usable for accessing AI-powered services.
The project also referenced the operational burden of maintaining a Cosmos SDK-based blockchain as justification for the migration.
According to the proposal, operating a standalone network demands continuous validator coordination for software upgrades and security implementations.
Following the migration, Solana’s existing validator network will provide security for native ZETA instead of ZetaChain’s separate validator infrastructure.
ZetaChain highlighted Solana’s transaction throughput, minimal fees, deep liquidity pools, and AI agent infrastructure as key factors driving the proposed transition.
Currently, ZetaChain’s Layer 1 network, staking mechanisms, and native token balances remain fully operational as contributors develop the second proposal that will establish the definitive migration timeline and shutdown procedures.
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