Utrecht-based Klayr acquires Swiss blockchain platform Lisk: Here’s why

Utrecht-based Klayr, a blockchain application platform, announced its acquisition of Lisk’s blockchain platform on Wednesday, May 29. Lisk’s platform enables users to construct their own blockchain or blockchain applications.

Based in Zug, Switzerland, Lisk provides a cost-efficient and scalable Layer 2 (L2) network secured by Ethereum. 

The platform’s core focus is to solve local problems in emerging markets by bringing solutions around real-world assets (RWA), off-chain assets (OCA), and DePin onchain.

This strategic acquisition is expected to enhance flexibility and accessibility for developers within the platform, which currently boasts more than 330 thousand accounts.

The transition of ownership to Klayr Labs is scheduled to commence on 21st May, says the company.

Last year, Lisk announced that it was focusing on an Ethereum Layer 2 blockchain by joining the Optimism Superchain.

The technology and software built up over the last eight years will continue as Klayr after rebranding.

Klayr: Simplifying blockchain applications building

Founded by Lukas Bronsvoort, Jurre Machielsen, Raphael Cornelis, and Sander Mandemaker, Klayr‘s core objective is to simplify the process of building blockchain applications or specific tech components.

Alongside the capacity to construct sidechains, Klayr aims to empower creators and developers to generate tokens and NFTs on the mainchain, develop smart contracts, and deploy them directly.

Leveraging the acquired Layer 1 technology, Klayr is set to launch a new blockchain named Klayr on 25th June.

Continuing its dedication to development, the Onchain Foundation is committed to safeguarding the years of progress invested in Lisk Layer-1.

The Onchain Foundation has identified Klayr Labs as the ideal leadership team to carry forward Lisk’s technology within the community. Notably, the team has previously developed the pioneering marketplace for digital assets and NFTs on the Lisk blockchain, known as Colecti.