Harmony Cites AI Threats in Proposed Blockchain Shutdown
60-second summary
Harmony announces a planned shutdown of its blockchain, urging users to withdraw from ONE smart contracts by September 10 as the team pivots to migrate ONE tokens onto Ethereum and launch an AI‑video platform; the move highlights growing concerns that AI‑generated content could undermine decentralized applications, potentially reshaping market dynamics and prompting investors to reassess exposure.
The team wants to move ONE to Ethereum and enter the AI-video business, urging users to exit smart contracts before September 10.