Bold moves of DuckChain in Web3 Development
DuckChain-the leading layer-2 solution in the TON network just revealed one more milestone: raising $5 million in funding. Major industry players led the series, including Dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, and a few others. Moreover, angel investors from CamelotDEX and Quantstamp represented some of the famous blockchain projects.
Funding will fuel DuckChain’s effort on EVM compatibility to improve its usability across all networks and attract users to all blockchain networks. The platform is looking to bridge a significant number of Telegram users into the blockchain network via TON-based solutions by improving scalability, liquidity, and interoperability within the TON network.
Yellow Duck Mission Hackathon
On top of this funding, it has launched the “Yellow Duck Mission,” a global Web3 hackathon co-hosted by OKX Wallet, Arbitrum, and OnePieceLab. The event is from December 15, 2024, to January 15, 2025, and it is an invitation to developers and creators to build new apps.
The total prize pool for the event stands at $1 million in DChain Tokens, rewarding innovation and creativity through the following:
- Golden Duck Prizes: $500,000 for top projects.
- Quack-tastic mentions: $200,000 for creative solutions.
- Duckling Star Award: $50,000 to the community-driven initiatives
There are multiple tracks from which participants can choose such as meme-centric dApps, DeFi protocols, Telegram-powered applications, AI, and infrastructure innovations.
The Future Vision
DuckChain’s strategic initiatives and partnership are to redefine Web3 and connect billions of users to decentralized solutions. A healthy financial backing and innovative spirit make DuckChain stand a good chance to dominate the blockchain ecosystem.
For information and registration, go to the DuckChain Hackathon Portal.
To Read More: Business