DuckChain Announces $5 Million Funding from Dao5, Tandem by Offchain Labs and Others, Launches Yellow Duck Mission Global Hackathon

On By Littum

SINGAPORE, Dec. 20, 2024 (GLOBE NEWSWIRE) — DuckChain, powered 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 of Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, Geekcartel, Gate Labs, Presto and others. In addition, the funding saw participation from angels from Camelot, Quantstampand other strategic backers.

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. Co-hosted by OKX Wallet, Arbitrumand OnePieceLabthis event will bring together Web3 pioneers to drive blockchain innovation. With a dizzying $1,000,000 prize pool 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 launch pad for the next wave of Web3 innovation. From 15 December 2024to 15 January 2025attendees 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: In total $1,000,000 i 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

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

How to register?

Submissions open on 15 December 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, 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 usersDuckChain is leading the charge to redefine the Web3.

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Don’t miss a thing!

Participate in Yellow Duck Mission today and make your mark on the Web3 revolution. Visit DuckChain Hackathon Portal for more details and registration.

Press contact:

[email protected]

Singapore

A photo accompanying this announcement is available at


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