AI · The Block
ZetaChain votes to shut down Layer 1 network and move ZETA to Solana
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ZetaChain (ZETA) token holders voted Sunday to shut down the project's Layer 1 blockchain, approving a move to Solana for a project that raised $27 million three years ago to help connect competing networks.
Key facts
- The price of ZETA has fallen about 2.5% in the past 24 hours, per The Block's ZetaChain Price page
- ZetaChain (ZETA) token holders voted Sunday to shut down the project's Layer 1 blockchain, approving a move to Solana for a project that raised $27 million three years ago to help connect competing
- The project counts more than 300,000 Anuma users, per its self-reported numbers, and a million requests across 35 AI models
- Blockchain.com and Jane Street Capital were among the investors in ZetaChain's August 2023 funding round
Summary
The vote on Proposal 68 ended at 10:58 a.m. ZetaChain's developers have been working on Anuma, an AI app launched in February, and now say they don't need their own blockchain to pursue it, instead moving it to Solana with the ZETA token. The project counts more than 300,000 Anuma users, per its self-reported numbers, and a million requests across 35 AI models. "What Solana's AI stack still lacks is the application layer: an app people use every day, with memory that belongs to them and travels across models, apps, and agents," the ZetaChain team wrote in their post about the vote.