ZetaChain will gradually phase out traditional cross-chain services and shift towards an AI private memory layer.
Foresight News reports that ZetaChain has issued an announcement stating it will gradually shut down traditional cross-chain infrastructure to focus on Anuma and next-generation directions such as user-owned memory, identity, permissions, payments, and AI agents.
According to the transition plan, ZetaChain will decommission traditional cross-chain services in three phases: starting June 1 (the platform will completely stop deposits, but users may continue to withdraw eligible assets); before June 30 (offering users a final withdrawal window); starting June 30 (all ZRC20 token withdrawals will be suspended indefinitely, and cross-chain monitoring for Bitcoin, Ethereum, Solana, Arbitrum, Base, BSC, Polygon, Avalanche, Sui, and TON, across 10 chains, will be terminated).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung increases investment in AI infrastructure! Invests 1 billion USD in Helix Digital, owned by KKR (KKR.US)
Several subsidiaries of Samsung Group have agreed to invest a total of $1 billion in Helix Digital, a U.S. company backed by private equity giant KKR, further expanding the Korean conglomerate's presence in the rapidly growing artificial intelligence infrastructure market.
More than 20 billions spent this year! Eli Lilly (LLY.US) CEO: We will target “white spaces” in pharmaceuticals and continue to pursue larger-scale mergers and acquisitions.
Eli Lilly CEO Dave Ricks stated that investors can expect the company to pursue larger-scale deals, as it is extensively searching for assets in the "white spaces" of the scientific field.
Is the “AI bank run” coming? Apollo warns: AI assistants may drain banks' cheap deposits, which will pose risks to the financial system
Torsten Slok, Chief Economist at Apollo Global Management, stated that if consumers begin to heavily rely on AI assistants such as Muse under Meta and transfer cash to higher-yielding accounts, it could pose risks to the financial system.
