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Neo will shut down the Neo Legacy Mainnet on October 31, and users need to migrate their assets and smart contracts to Neo N3.
According to Mars Finance, Neo announced the closure of the Neo Legacy network, which has served the Neo ecosystem for over 8 years since its launch in 2016. With the Neo ecosystem launching the next-generation Blockchain Neo N3 in 2021, Neo has decided to shut down the Neo Legacy network in 2025. The Neo Legacy Testnet will close on June 1, and the Mainnet will close on October 31. Users need to migrate their assets and smart contracts to Neo N3 before the closure, otherwise, they will be permanently lost.