Lisk, the Ethereum Layer 2 blockchain platform focused on accelerating Web3 adoption in high-growth markets, has successfully concluded the first cohort of its Blockchain Incubation Hub in Africa. Powered by CV Labs, this six-month program has empowered 23 African startups to refine their blockchain-based solutions, develop go-to-market strategies, and secure critical financial support. With the first cohort now complete, Lisk is opening applications for Batch 2, offering up to $200,000 in grants and a wealth of resources to fuel the next wave of Web3 innovation across the continent.

The Lisk Blockchain Incubation Hub is a game-changer for African startups, providing not only financial backing but also mentorship, a structured curriculum, and access to a thriving ecosystem of blockchain experts and investors. Each participating project can receive up to 20,000ingrantsbygraduation,withthepotentialtosecureanadditional20,000ingrantsbygraduation,withthepotentialtosecureanadditional100,000 in funding to scale their ventures. Applications for Batch 2 are now open, with the program set to kick off on May 19, 2025, and the deadline for submissions closing on April 12, 2025.

Africa’s Blockchain Revolution Takes Center Stage

Africa is rapidly emerging as a global leader in blockchain adoption, with its innovators leveraging the technology to address pressing challenges in sectors like agriculture, finance, and entertainment. The first cohort of the Lisk Incubation Hub has already demonstrated the transformative potential of blockchain, with startups collectively onboarding over 26,000 users, tokenizing $1.8 million in assets, and processing more than 20,000 blockchain transactions.

“Africa is not just adopting blockchain technology; it is redefining its application,” said Brenton Naicker, Principal & Head of Growth at CV VC. “From tackling financial exclusion to streamlining agricultural supply chains, African innovators are proving that blockchain is more than just cryptocurrency—it’s a tool for driving meaningful change and unlocking economic opportunities.”

Meet the Trailblazers of Batch 1

The first cohort of the Lisk Incubation Hub has produced standout projects that are making waves across the continent:

• Tata-iMali (South Africa): This startup is bridging the gap between South Africa’s informal and formal economies with a fiat-backed stablecoin, enabling seamless transactions for small businesses and individuals.
• TrendX (Nigeria): A cutting-edge tokenization platform that integrates DAOs, token management, and compliance solutions for blockchain-based businesses.
• Pokecoin (South Africa): A blockchain-powered NFT marketplace for trading Pokémon cards, ensuring authenticity and quality through smart contracts.
• Nomachain (Kenya): Revolutionizing homeownership in Africa with a blockchain-driven rent-to-own model, already tokenizing $1.8 million in property plans.
• Jamit (Nigeria): A decentralized podcast platform that uses NFTs to empower storytellers with new monetization and audience engagement tools.
• Afrikabal (Rwanda): Transforming agriculture by connecting farmers with wholesalers and providing blockchain-backed trade finance for sustainable growth.

Empowering Africa’s Web3 Builders

The Lisk Blockchain Incubation Hub is a cornerstone of Lisk’s mission to support founders in high-growth markets who often face significant barriers to securing early-stage funding. By providing access to grants, mentorship, and a robust ecosystem, Lisk is leveling the playing field for African innovators, enabling them to turn their ideas into impactful blockchain solutions.

“For too long, Web3 companies have overlooked the immense talent and potential in high-growth markets like Africa,” said Dominic Schwenter, COO of Lisk. “With initiatives like the Lisk Incubation Hub, we’re changing that narrative. Africa is not just a consumer of blockchain technology—it’s a powerhouse of innovation that will shape the future of Web3.”

A Vision for the Future

As part of the Optimism Superchain, Lisk is committed to building an interoperable blockchain ecosystem that empowers developers and founders worldwide. By focusing on emerging markets, Lisk is ensuring that the benefits of blockchain technology reach those who need it most, driving financial inclusion and economic growth across the continent.

Join the Movement

African Web3 builders with groundbreaking ideas are encouraged to apply for Batch 2 of the Lisk Incubation Hub. With up to $200,000 in grants, ongoing mentorship, and access to a global network of blockchain experts, this is your chance to turn your vision into reality. Applications close on April 12, 2025—don’t miss this opportunity to be part of Africa’s blockchain revolution.

About Lisk

Lisk is a Layer 2 blockchain platform dedicated to bringing Web3 adoption to emerging markets by leveraging Ethereum’s scalability and cost-efficiency. Since 2016, Lisk has been at the forefront of democratizing blockchain accessibility for developers globally. As a founding member of the Optimism Superchain, Lisk is building the industry’s first interoperable supernetwork alongside leading projects like Optimism, Base, Mode, and Worldchain.

About CV VC & CV Labs

CV VC is a leading blockchain venture capital firm driving the adoption of transformative technologies worldwide. Through its ecosystem arm, CV Labs, the company operates accelerator programs, global hubs, and industry events across Switzerland, Liechtenstein, South Africa, Germany, and Portugal. With 75 investments in blockchain startups, CV VC is committed to fostering innovation and connecting startups with the resources they need to succeed.

For more information, visit Lisk on X and join the growing community of builders shaping the future of Web3 in Africa and beyond.