ZetaChain token holders approve migration to Solana

Token holders of ZetaChain have approved a proposal to migrate to Solana. The existing Layer 1 blockchain will be shut down on Dec. 9, with ZETA converting into a Solana-based SPL token at a one-to-one ratio. On the same day, ZetaChain will launch its AI platform Zeta Labs and is accepting users for a waitlist. The ZETA token will offer utility through lockups for premium services, payment discounts, and governance participation. Zeta Labs will provide access to various AI models, real-time market data, encrypted chat, and conversation memory features. ZetaChain plans to burn approximately 55 million ZETA by 2027 and will not issue additional tokens post-migration.

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