ZetaChain token holders approved Proposal 68 on Sept. 20 with 99.4% support and 58% turnout, above the 40% quorum.

ZETA is slated to convert 1:1 into a native Solana SPL token with the same ticker and total supply; a second vote will set the snapshot and shutdown.

The project, which raised $27 million in 2023 for cross-chain interoperability, will focus on Anuma, a private AI app with more than 300,000 users.

ZetaChain token holders voted Sunday to retire the project's Layer 1 blockchain and move the native ZETA token to Solana, capping a strategic pivot from interoperability infrastructure toward a private AI application.

The vote on Proposal 68 closed at 10:58 a.m. ET on Sept. 20 with 99.4% in favor, 0.3% against and 0.3% abstaining, according to the project's governance portal and reporting by The Block. Participation reached 58% of eligible stake, exceeding the 40% quorum.

In a Sept. 17 blog post that opened the 72-hour vote, contributors said they no longer need a dedicated chain to operate Anuma, a private multi-model AI app launched in February. "Solana is where the rest of the AI stack is being assembled, so we are proposing to move there," the team wrote. Anuma has more than 300,000 users and has processed more than 1 million requests across 35 models, per the project's figures.

Under the approved plan, native ZETA would become a Solana SPL token at a one-for-one rate, keeping the ticker and total supply unchanged and leaving existing vesting schedules intact. ZETA issued on Ethereum and BNB Chain is excluded. The project argued a wrap-and-bridge would not work once the source chain is gone, so a native issuance is required.

The first vote is an authorization, not a halt date. A second proposal must still define the snapshot block, claim process, exchange coordination and the L1 shutdown height. Until then, validators and staking remain live.

ZetaChain raised $27 million in August 2023 from investors including Blockchain.com and Jane Street Capital to build an EVM-compatible Layer 1 that could connect Bitcoin, Ethereum and other networks, according to the project's funding announcement. Mainnet launched in 2024. The Solana move concentrates remaining resources on Anuma and on using ZETA as an access token for AI credits rather than maintaining a separate validator set.

Holders still face execution risk: exchange support, the second vote, and the mechanics of converting 18-decimal balances onto Solana's 9-decimal SPL standard have not been finalized. Those details will determine when — and how cleanly — the original chain actually winds down.