Harmony has announced a strategic shift that would terminate its own layer-1 blockchain and relocate the network’s native token, ONE, to the Ethereum ecosystem. The move comes amid ongoing restructuring after a prior security breach spurred conversations about discarding a large set of pending transactions.
Under the proposed plan, Harmony would fully sunset its layer-1 network. The goal of the migration is to place the token and ecosystem activities onto Ethereum, aligning with efforts to support a new initiative described as a remix economy. The concept centers on enabling AI-assisted video creators to participate in a shared economic model that leverages Ethereum-based infrastructure and tooling. While details on governance and execution timelines remain fluid, the proposals indicate a path toward validators and network participants transitioning to the new framework that would underpin the AI video ecosystem.
A key element cited in the discussions is the prior exploit experience, which prompted consideration of discarding a substantial set of transactions. The decision to sunset the main chain and migrate assets is being framed as part of a broader effort to reduce on-chain risk and consolidate activity on a more established smart-contract platform. The objective appears to be not only technical migration but aligning the network’s economic incentives with a new venture designed to attract AI-enabled content creation and distribution within a shared, permissioned or semi-permissioned environment on Ethereum.
From a market-structure perspective, the proposed migration would involve changes for participants who currently operate on Harmony’s L1. Validators, developers, and liquidity providers would need to adjust to the Ethereum-based system or its interoperable layers that could support the remix economy. The reports describe a transition plan that emphasizes continuity for stakeholders while reorienting the project’s core use case toward AI-driven video collaboration and monetization rather than a standalone layer-1 operation. As coverage of the release progresses, observers will be watching for details on how assets in the Harmony ecosystem would be represented within Ethereum, how cross-chain mechanics would be managed, and what safeguards would govern the migration to ensure asset integrity and participant confidence in the new model.
In summary, Harmony is pursuing a significant restructuring that would terminate its own layer-1 chain and move ONE tokens to Ethereum, in tandem with the development of a new AI video-focused remix economy. The initiative positions the project at the intersection of blockchain infrastructure and AI-enabled content creation, while seeking to address earlier security concerns and optimize the ecosystem’s long-term sustainability within a more widely adopted smart-contract platform.