DuckChain has raised $5 million in funding with support from TONScale Labs and Arbitrum, led by prominent investors such as Dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, Geekcartel, Gate Labs, Presto and other.

Angels from Camelot, Quantstamp and other strategic backers also took part in the round. News.Az citing the morning star.

In addition to this exciting funding milestone, DuckChain is excited to introduce the Yellow Duck Mission – a global Web3 hackathon designed to bring together developers, creators and innovators to build next-generation decentralized applications. Co-hosted by OKX Wallet, Arbitrum and OnePieceLab, this event brings together Web3 pioneers to drive blockchain innovation. With an incredible prize pool of $1,000,000 in DuckChain tokens, the hackathon promises to be a transformative moment for the Web3 ecosystem.

What is the Yellow Duck Mission?

The Yellow Duck Mission is more than a hackathon – it’s a launching pad for the next wave of Web3 innovation. From December 15, 2024 to January 15, 2025, participants will have the opportunity to develop creative solutions that push the boundaries of blockchain technology, from DeFi protocols to AI-powered applications, meme-centric platforms and more. The winners will be announced on January 23, 2025.

DuckChain’s mission is to bridge billions of Telegram users from off-chain to on-chain by building groundbreaking dApps and integrating DuckChain’s “Duck” brand identity. Whether you’re creating the next viral meme launchpad or a decentralized finance solution, the sky is the limit!

Why join?

Huge Rewards: Following the DuckChain Token Generation Event (TGE), a total of $1,000,000 worth of DuckChain tokens will be distributed, including:
Golden Duck Awards : $500,000 for highest performing projects.
Quackery mentions : $200,000 for outstanding creativity.
Duckling Star Award : $50,000 to the project with the greatest community engagement.
Unprecedented possibilities : Gain visibility, attract investors and present your work to a global Web3 audience.

Hackathon tracks

Memes: Build meme-centric dApps that combine humor, creativity and blockchain technology.
DeFi: Build decentralized finance applications with innovative use cases for stablecoins.
Telegram-based dApps: Use the Telegram ecosystem to develop bots, mini-apps or games.
AI: Discover AI-powered blockchain solutions, from DAO, Agent, NFTs to applications.
Infrastructure: Innovate with tools for decentralized social networks, bioinformatics, and more.

How can I join?

Submissions are possible from December 15, 2024. Register now in the DuckChain Hackathon Portal and take the first step towards shaping the future of Web3.

About DuckChain

DuckChain is the first TON consumer layer that aims to bring billions of Telegram users into the blockchain space. With over 50 ecosystem partners, 10 million total transactions, and 2.6 million on-chain users, DuckChain is leading the way in redefining Web3.

News.Az