Lisk to shut down its blockchain on October 31, moving products to Celo

Swiss Web3 company Lisk will shut down its blockchain network on October 31 and migrate remaining products and developers to rival network Celo. The firm is pivoting to a financial operations platform for businesses, removing one of the few backers of early-stage Web3 founders in Africa.

• Lisk will shut down its blockchain network on October 31 and move to Celo
• The company is pivoting to a financial operations platform for businesses
• African blockchain startups raised $90.1 million across 28 deals in 2025
• That is a 26.6% decline year over year, according to CV VC