DuckChain Announces Strategic Partnerships and Secures  Million in Funding

DuckChain Announces Strategic Partnerships and Secures $5 Million in Funding

DuckChain joins forces with major crypto players to power the next wave of decentralized applications, announcing the Yellow Duck Mission hackathon.

Leading investors including dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io and Presto participated in the $5 million funding round for the TON Ecosystem Layer-2 -Project DuckChain.

As DuckChain works to improve the scalability and functionality of the TON blockchain, this funding represents an important turning point for the project. This funding will help the project improve its EVM compatibility and DuckChain will be able to attract new users from other blockchain communities, provide new liquidity and promote a diverse ecosystem for DuckChain and ultimately the TON network as a whole.

DuckChain has also announced partner agreements with Arbitrum, OKX Wallet, OnePieceLab and other well-known industry players to strengthen its position in the blockchain market. Together they are launching the Yellow Duck Mission hackathon to bring together developers, creators and innovators to build the next generation of decentralized applications within the DuckChain ecosystem.

With a total prize pool of $1 million in DuckChain tokens, the hackathon, taking place from December 15, 2024 to January 15, 2025, aims to provide innovative solutions in areas such as DeFi protocols, AI-powered apps and meme-focused stimulate platforms.

The best-performing projects receive $500,000, creative projects receive $200,000, and the initiative with the greatest community engagement receives $50,000. Participants will also have the opportunity to raise international awareness, attract investors and introduce their new technology to the Web3 community.

Meme dApps, DeFi apps, Telegram-based dApps, AI solutions and infrastructure tools are among the tracks available to participants. Submissions will begin on December 15, 2024 and participants can register on the DuckChain Hackathon portal.

DuckChain is a Layer 2 solution compatible with EVM and designed for the TON blockchain. It was developed with support from TonScale Labs and Arbitrum to provide scalability and liquidity. By connecting TON to the Ethereum Virtual Machine (EVM) and Bitcoin ecosystems, DuckChain aims to attract a wide range of users, solve scalability issues, and improve interoperability.

With this financial support and strategic partnerships, DuckChain is well-positioned to significantly contribute to the development of the TON ecosystem by promoting decentralized solutions that are effective, scalable and inclusive.

Leave a Reply

Your email address will not be published. Required fields are marked *