[Wu Blockchain News] ZetaChain Proposes Halting Layer 1 Block Production on Dec 9, Migrating ZETA 1:1 to Solana
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The proposal also calls for launching ZetaLabs, a privacy-focused AI application for financial markets where ZETA would pay for AI services, unlock features, and govern the product. Roughly 55 million ZETA previously earmarked for validator rewards would be burned in batches through 2027. Voting is set to close on November 7. The outcome will determine whether ZetaChain abandons its own chain for Solana and whether the burn and AI pivot proceed as planned.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
ZETA, ZetaChain, Solana (SOL), ZetaLabs
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