Do Kwon, the co-founder and CEO of Terraform Labs, confirmed the relaunch of Terra’s new chain, 2.0, This project aims to revitalize the Terra de Muerte (LUNA) and TerraUSD (UST) ecosystem.

Kwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUNA tokens to existing investors based on a snapshot before the death spiral bled the LUNA and UST markets — effectively resulting in unrecoverable losses for investors.