What happened
Harmony has proposed shutting down its blockchain, migrating ONE to Ethereum, and requested users to withdraw assets from smart contracts by 10 September.
Why it matters
The proposal could alter the infrastructure for ONE and requires action from smart contract users by 10 September.
The Harmony team has proposed shutting down its blockchain, migrating ONE to Ethereum, and pivoting to creating AI-driven video content. Users are advised to withdraw assets from smart contracts by 10 September.
For ONE holders and smart contract users, this necessitates monitoring further instructions from the team and potential infrastructure changes. The presented material does not specify migration conditions or the procedure to follow after the stated date.
The information was published by Decrypt based on its own description of the situation. The source package lacks an official statement from Harmony or any other independent publication; therefore, details and the final status of the proposal require confirmation.
Confirmed facts
- Harmony has proposed shutting down its blockchain.
- The team wants to migrate ONE to Ethereum.
- The team plans to enter the AI video sector.
- Users are advised to exit smart contracts by 10 September.
- Details were published by Decrypt on 8 September 2026.
- The presented data is based on a meta-description of Decrypt's material, not its full text.
Context
The source describes a proposal by the Harmony team regarding the shutdown of the blockchain, the migration of ONE to Ethereum, and a new direction in the AI video sector.
What remains unknown
- Has Harmony's proposal been finally adopted?
- What will be the exact mechanism for migrating ONE to Ethereum?
- What will happen to assets remaining in smart contracts after 10 September?
- What specific AI-related threats does the team associate with the blockchain shutdown?
- Has Harmony confirmed plans to launch an AI video business?
Editorial context
Confidence: medium
The likely consequence is that users will need to migrate to new infrastructure or withdraw assets before the designated deadline. The next observable signal will be an official confirmation from Harmony detailing the migration and the blockchain's status. Significant uncertainty remains as only Decrypt's meta-announcement is available without a primary statement from the team.