ZetaChain token holders approve migration to Solana

According to ZetaChain, token holders have approved a proposal to migrate to Solana. The company plans to shut down its existing Layer 1 blockchain on Dec. 9 and convert ZETA into a Solana-based SPL token at a one-to-one ratio. ZetaChain also plans to launch AI platform Zeta Labs the same day and is currently accepting users for a waitlist. The utility of the ZETA token includes lockups for premium services, payment discounts, and governance participation. Zeta Labs will provide access to multiple AI models and real-time market data, along with encrypted chat and conversation memory features. ZetaChain plans to burn about 55 million ZETA by 2027 and does not plan to issue additional tokens after the Solana migration.