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Moonbeam abandons Polkadot for Base as GLMR pivots to AI


Moonbeam abandons Polkadot for Base as GLMR pivots to AI

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AI Overview

Moonbeam Network announced full closure of its Polkadot parachain and will migrate GLMR tokens 1:1 to Coinbase's Base Layer-2. It will relaunch as a decentralized protocol for AI agent communications and on-chain settlements, a strategic pivot that could boost adoption via a CEX-linked L2 but follows a string of high-profile exits and presents mixed signals for crypto markets, DeFi integrations, token launch momentum and fundraising.

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The Moonbeam Network announced the complete closure of Polkadot’s parachain. The GLMR token would be migrating 1:1 to Coinbase’s Base Layer-2, and they will now be relaunching with a new purpose as a decentralized protocol for AI agent communications and on-chain settlements. This change is just the latest in a string of high-profile exits from...
Read the article at CryptoPolitan

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In This News

Coins

$ 0.877

+3.99%

$ 0.00896

+2.89%

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View analytics →
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