ZETACHAIN OFFICIALLY APPROVES PLAN TO SHUT DOWN LAYER 1 AND MIGRATE ZETA TO SOLANA On November 7, 2026, the ZetaChain community approved a proposal to cease operations of the Layer 1 blockchain and migrate the $ZETA token to Solana, with over 99.99% of votes in favor. - This represents a major strategic shift for a project previously focused on developing blockchain interoperability infrastructure, now pivoting toward the AI sector. 1. Shutdown of Layer 1 and Migration of ZETA to Solana - As planned, ZetaChain will perform a snapshot and shut down the L1 network around December 9, 2026, following completion of the security audit. - All ZETA tokens will be migrated 1:1 to the SPL standard on Solana, including staked balances and unclaimed rewards. Users can claim their tokens via the official migration portal, while balances on supported exchanges will be automatically converted. 2. Burning of 55 Million ZETA in 2027 - Approximately 55 million ZETA, originally allocated for validator distributions, will be burned instead of being issued. - The burn will occur in 12 installments throughout 2027, equating to roughly 4.6 million ZETA per month. Staking rewards on L1 will also cease upon network shutdown. 3. Strategic Shift Toward AI - ZetaChain is set to launch ZetaLabs on December 9, an AI-powered platform for market research featuring real-time data and user privacy protection. - Starting in Q1 2027, ZETA will be used to unlock Premium features, pay for AI services with discounted rates, and participate in product governance.