Harmony developers propose network shutdown to pivot toward AI video

The team behind the one-time Ethereum competitor Harmony wants to pull the plug on its own blockchain. In a sharp pivot, developers proposed a voluntary network shutdown, citing a losing battle against state-sponsored hackers and automated AI agents that make maintaining security a nightmare. They're not just walking away from the tech; they want to redirect ONE token emissions into a new AI-driven video venture instead. It's a radical exit for a project that once commanded a massive following and a billion-dollar valuation. The move shifts the focus from decentralized finance to generative media, effectively treating the existing blockchain as a legacy cost. Existing validators and token holders now face a choice between a total wind-down or keeping a compromised network alive. Will the community sign off on a plan that turns their Layer 1 tokens into fuel for a video startup?