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Harmony to fully sunset Layer 1, proposes token migration to Ethereum for AI video initiative

Harmony plans to fully sunset its Layer 1 blockchain and has proposed migrating its token to Ethereum. The project said it would support validators as it shifts toward a proposed "remix economy" initiative focused on AI video creators.

Danny Park

Publisher The Block

Sep 7, 2026 at 2:28 AM UTC · 1 min de lecture

Harmony to fully sunset Layer 1, proposes token migration to Ethereum for AI video initiative
Image via The Block

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ethereum

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ETH-0.65%$2,467

Last Updated

il y a 3 jours

Traduction…

Harmony said it plans to fully sunset its Layer 1 blockchain and has proposed migrating its token to Ethereum as part of a new direction centered on AI video. The project described the effort as a “remix economy” intended to involve AI video creators.

The proposed transition would move Harmony away from operating its own Layer 1 network, where validators have helped secure the chain and process activity. Harmony said it would assist validators in transitioning to the proposed new initiative as the Layer 1 is wound down.

Ethereum is a major smart-contract blockchain and a common destination for projects seeking to use its broader developer and application ecosystem. Harmony’s proposal links the token migration and validator transition to its planned AI video-focused remix economy, though the initiative remains a proposal.

Why this matters

Sunsetting a Layer 1 and migrating its token to Ethereum would materially change how Harmony’s network is secured, operated and accessed. The proposal could shift users and validators into Ethereum’s ecosystem while reducing the role of Harmony’s existing chain infrastructure; execution remains uncertain because the transition is still proposed.

Follow the Story

  1. Sep 7Harmony to fully sunset Layer 1, proposes token migration to Ethereum for AI video initiative
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  1. Sep 7Harmony to fully sunset Layer 1, proposes token migration to Ethereum for AI video initiative
  2. Sep 9New Crypto on Ethereum: Pepeto Announces Its EVM Layer 2 Ecosystem as Dogecoin and Shiba Inu Whales Pick Their Next Target
  3. Sep 9iPhone 18 Launch Today: Here’s How Much Bitcoin and Ethereum It Actually Costs Today
  4. Sep 9The SEC Cleared XRP, Bitcoin, Ethereum and Solana for Nasdaq Texas Commodity Trusts. What It Does and Does Not Do.

Réponses Rapides

Is Harmony shutting down its Layer 1 blockchain?

Harmony said it plans to fully sunset its Layer 1 blockchain.

Where would Harmony’s token migrate under the proposal?

Harmony has proposed migrating its token to Ethereum.

What is Harmony’s new AI initiative?

Harmony described a proposed "remix economy" centered on AI video creators and said it would help validators transition to the initiative.

#ethereum#crypto#ai

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Originally reported by The Block

NewsLayer coverage based on externally reported material.

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