Crypto news report · source clearly identified
Harmony Plans Full Layer‑1 Sunset and Token Migration to Ethereum for AI Video ‘Remix Economy’
Harmony announced it will shut down its Layer‑1 blockchain, moving its token to Ethereum to support a new AI‑driven remix economy for video creators and assisting validators in the transition.
Harmony has disclosed a plan to completely sunset its native Layer‑1 network. The project will migrate its token to the Ethereum blockchain and launch a new initiative focused on an AI‑powered remix economy for video creators.
Sunsetting the Harmony Layer‑1
The protocol will cease operations on its current chain, ending support for existing contracts and applications. Harmony says the shutdown will be coordinated with its community and stakeholders.
Token Migration to Ethereum
As part of the transition, Harmony will move its native token to Ethereum. The migration is intended to preserve token value and enable continued utility within the new ecosystem.
AI Video Remix Economy
The migrated token will underpin a proposed “remix economy” that leverages artificial‑intelligence tools for video creation. The initiative aims to empower creators to generate and remix video content using AI, with token incentives built into the platform.
Support for Validators
Harmony has pledged to assist its validators throughout the migration process, offering guidance and resources to help them shift to the new Ethereum‑based framework.
Source & attribution
News Source
- Publisher
- The Block
- Original date
- September 7, 2026, 2:28 AM
- Original headline
- Harmony to fully sunset Layer 1, proposes token migration to Ethereum for AI video initiative