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Harmony Is Shutting Down. ONE Holders Get Ethereum Tokens Automatically

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Harmony Is Shutting Down. ONE Holders Get Ethereum Tokens Automatically

Harmony will shut down the blockchain it launched in 2019 and migrate its native token, Harmony (ONE), to Ethereum (ETH) as a new ERC-20 asset. The team cited threats from state actors and artificial intelligence (AI) agents. Validators can begin switching off their nodes on Thursday. Harmony Follows BounceBit Out of the Layer 1 Business The post Harmony Is Shutting Down. ONE Holders Get Ethereum Tokens Automatically appeared first on BeInCrypto.

Key Takeaways

  1. Harmony will shut down the blockchain it launched in 2019 and migrate its native token, Harmony (ONE), to Ethereum (ETH) as a new ERC-20 asset.
  2. The team cited threats from state actors and artificial intelligence (AI) agents.
  3. Validators can begin switching off their nodes on Thursday.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.