Harmony plans to shut down its Layer 1 blockchain and move its ONE token to Ethereum by 2026.

Harmony has proposed ending its independent Layer 1 blockchain due to severe attacks and shifting focus to a new AI video project on Ethereum. Validators may stop running nodes by September 10, 2026, with a token migration that snapshots ONE tokens and airdrops new ERC-20 tokens on Ethereum. The team offers incentives for validators to become governors in the new project, which centers on AI-driven video remixing and operator revenue. The plan follows a major exploit in August and marks a strategic pivot from maintaining the original chain to rebuilding on Ethereum.