an entire L1 blockchain is preparing to migrate to Solana! @ZetaChain plans to shut down its Layer 1 on December 9 and move $ZETA to solana, pending governance approval. here's the breakdown: - $ZETA migrates 1:1 as a native Solana token. - existing holders retain their token balances. - ~55M ZETA in undistributed emissions scheduled for burning in 2027. governance voting closes November 7. another interesting example of projects choosing Solana's existing infrastructure and user ecosystem over maintaining their own chain.
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