Layer 1 blockchain Vega community votes to shut down Vega Alpha mainnet and VEGA token

BlockBeats reported that on September 12, community members of Layer 1 blockchain Vega Protocol voted to shut down the Vega blockchain and its associated tokens.

As a result, the Vega chain no longer supports any market transactions-a decision that automatically takes effect after a unanimous vote in governance. Vega launched its first on-chain market after the release of its alpha mainnet in 2023.

In addition to the ongoing transition, Vega's core developers will also support a decentralized exchange called Nebula. Nebula is an independent project that uses Vega's core software. Nebula will have its own NEB token, which is planned to be provided to Vega holders at a 1:1 ratio. (The Block)