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[Harmony Plans to Shut Down Blockchain Network, ONE to Migrate to Ethereum] Odaily Planet Daily reports that Layer-1 blockchain project Harmony has stated that threats posed by AI agents and nation-state actors have reached a level where maintaining network operations is no longer feasible. The team plans to terminate the Harmony network. This proposal is currently non-binding, and users must exit smart contracts by September 10, 2026. Harmony intends to migrate ONE to Ethereum and determine the allocation of replacement tokens based on the balance recorded in the network's final block, including wallets, staked tokens, validator rewards, smart contracts, and centralized exchange holdings. Replacement tokens will be airdropped to the same wallet addresses on Ethereum; however, multisig vaults, liquidity pools, and on-chain applications cannot be migrated. Harmony also plans to distribute funds from a $1.372 million pool over four quarters to eligible validators and delegators, provided they retain their stakes, sign agreements, and act as governors. The total supply and release rate of ONE will remain unchanged, with released tokens allocated to the 'The Remix Economy for AI Video' initiative. (Decrypt)

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