Harmony Proposes Shutting Mainnet, Moving ONE to Ethereum, Pivoting to AI Video

This proposal marks a striking retreat from the layer-1 model, reframing a chain's survival not through competing infrastructure but through migration to a rival ecosystem. The cited threat landscape—state-backed attackers and AI agents—signals a new era where standalone networks may be seen as untenable security liabilities. For ONE holders, the airdrop preserves token value but strips the token of its original utility, effectively converting it into a speculative asset tied to an AI media venture. The pivot's viability hinges on whether the AI video business can generate enough demand to justify the new issuance, making the project's future less about blockchain consensus and more about content-market adoption.