DuckChain secures $5 million in funding from Dao5, Tandem by Offchain Labs and others

On By Littum

DuckChain, backed by TONScale Labs and Arbitrum, has raised $5 million in funding, 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 others .

The round also saw participation from angels at Camelot, Quantstamp and other strategic backers, News.Az with reference to Morningstar.

Alongside this exciting funding milestone, DuckChain is excited to unveil the Yellow Duck Mission – a global Web3 hackathon designed to bring together developers, creators and innovators to build next-generation decentralized applications. Hosted by OKX Wallet, Arbitrum and OnePieceLab, this event will bring together Web3 pioneers to drive blockchain innovation. With a staggering $1,000,000 prize pool 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 launch pad for the next wave of Web3 innovation. From December 15, 2024 to January 15, 2025, participants will have the opportunity to build 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 23 January 2025.

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

Why join?

Massive Rewards: A total of $1,000,000 in DuckChain Tokens will be distributed after the DuckChain Token Generation Event (TGE), including:
Guldand prices : $500,000 for top performing projects.
Quack-tastic mentions : $200,000 for outstanding creativity.
Duckling Star Award : $50,000 for the most socially engaged project.
Unique opportunities : Gain visibility, attract investors, and showcase your work to a global Web3 audience.

Hackathon tracks

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

How to register?

Submissions open on December 15, 2024. Register now on the DuckChain Hackathon Portal and take the first step towards shaping the future of Web3.

About DuckChain

DuckChain is the first TON Consumer Layer, committed to bridging 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 charge in redefining the Web3.

News.Az