SINGAPORE, December 20, 2024 (GLOBE NEWSWIRE) — DuckChain, backed by TONScale Labs and Arbitrum, is pleased to announce that it has secured $5 million in funding. The round was led by top investors including Dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, Geekcartel, Gate Labs, Presto and other. Others also contributed to the financing Angel from Camelot, Quantstampand other strategic supporters.

In addition to this exciting funding milestone, DuckChain is excited to announce Yellow Duck Mission– a global Web3 hackathon designed to bring together developers, creators and innovators to develop next-generation decentralized applications. Co-organizer of OKX Wallet, ArbitrumAnd OnePieceLabThis event will bring together Web3 pioneers to drive blockchain innovation. With a breathtaking Prize pool of $1,000,000 in DuckChain tokensThe 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. Out of December 15, 2024To January 15, 2025Participants 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?

• Massive rewards: In total $1,000,000 in DuckChain tokens will be distributed after the DuckChain Token Generation Event (TGE), including:
  • Golden Duck Awards: $500,000 for top-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

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

How can I join?

Submissions possible on December 15, 2024. Register now at 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 usersDuckChain is leading the way in redefining Web3.

_____________________________

Don’t miss this!

Join the Yellow Duck Mission Join us today and shape the Web3 revolution. Visit DuckChain Hackathon portal for further details and registration.

Press contact:

[email protected]

Singapore

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0974f0ac-962d-4b16-8815-1dfbaae42d4d

DuckChain

DuckChain