Home AI Polkadot Parachain Phala Votes To Fully Switch To Ethereum L2

AI Polkadot Parachain Phala Votes To Fully Switch To Ethereum L2

Share
News
Share

Phala Network, an AI-focused parachain on Polkadot, has voted to transition entirely to Ethereum Layer 2, marking a major strategic shift.

According to a community proposal passed on September 27, Phala will migrate its ecosystem, staking, and governance to Ethereum to achieve greater scalability and enterprise-grade performance.

The network’s native PHA tokenholders will receive an ERC-20 version at a 1:1 ratio, with the migration expected to start before November 20.

Phala, which provides decentralized and privacy-preserving cloud computation for AI-driven Web3 applications, already launched a functioning Ethereum L2 earlier this year.

The move reflects a growing industry trend of Polkadot-based projects aligning with Ethereum for better developer tools and enterprise integrations. Project lead “doylegxd” described the shift as a step toward consolidating confidential computing, governance, and staking within a more robust EVM-compatible ecosystem to attract corporate clients and enhance cross-chain interoperability.

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

News

Nasdaq-listed Reliance Global Group Adds XRP To Treasury

Nasdaq-listed Reliance Global Group, Inc. has expanded its Digital Asset Treasury portfolio by adding XRP, reflecting its growing commitment to blockchain-driven financial...

News

Uganda Launches CBDC Pilot For Tokenized Economy

Uganda has launched a pilot program for its first Central Bank Digital Currency (CBDC), developed through a partnership between blockchain firm Global...

News

Hong Kong’s HashKey Group Plans $500M IPO

HashKey Group, the operator of Hong Kong’s top licensed crypto exchange, has confidentially filed for an initial public offering (IPO) aiming to...

News

BitMine Adds $104M Worth Of ETH To Its Treasury

Blockchain data reveals that BitMine Immersion Technologies has added 23,823 ETH, valued at roughly $103.7 million, to its corporate Ethereum treasury. According...

Latest Blogs

How to Report Crypto Scam?

Crypto Scam Reporting & Its Importance- The digital currency boom introduced new methods for handling money but it simultaneously increased the occurrence...

3.0 TV (3versetv): Your Gateway to the Future of Web3, Blockchain, and AI News

The internet’s future is being reshaped by Web3 Blockchain and Artificial Intelligence (AI) through 3.0 TV (3versetv) which delivers authentic fast and...

EU Eyes Ban on Multi-issuance Stablecoins: Implications for Crypto and Payments

On 30th September 2025, the European Systemic Risk Board under the European Union made a daring recommendation to ban multi-issuance stablecoins, which...

Bitcoin Spot vs. Derivatives Trading: What’s the Difference?

Why This Matters for Traders? Bitcoin traders who want to start trading need to understand the distinction between spot trading and derivatives...

Related Articles

How to Report Crypto Scam?

Crypto Scam Reporting & Its Importance- The digital currency boom introduced new...

3.0 TV (3versetv): Your Gateway to the Future of Web3, Blockchain, and AI News

The internet’s future is being reshaped by Web3 Blockchain and Artificial Intelligence...

EU Eyes Ban on Multi-issuance Stablecoins: Implications for Crypto and Payments

On 30th September 2025, the European Systemic Risk Board under the European...

Bitcoin Spot vs. Derivatives Trading: What’s the Difference?

Why This Matters for Traders? Bitcoin traders who want to start trading...