DuckChain, backed by TONScale Labs and Arbitrum, announced the successful completion of a $5 million financing round. This round of financing was led by top investment institutions including dao5, Tandem of Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, Geekcartel, Gate Labs, Presto, etc. In addition, strategic angel investors from Camelot, Quantstamp, etc. also participated in this financing.
On the occasion of this important funding milestone, DuckChain also launched the global Web3 hackathon Yellow Duck Mission, which aims to bring together developers, creators and innovators to build the next generation of decentralized applications. Co-hosted by OKX Wallet, Arbitrum and OnePieceLab, this event will bring together pioneers in the Web3 field to promote innovation in the blockchain field. With a total prize pool of up to $1,000,000 in DuckChain tokens, the hackathon is bound to bring revolutionary development to the Web3 ecosystem.
What is Yellow Duck Mission?
Yellow Duck Mission is more than just a hackathon, it’s the starting point 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, including decentralized finance (DeFi) protocols, AI-driven applications, Meme-centric platforms, and more. The winners will be announced on January 23, 2025.
DuckChain's mission is to connect billions of Telegram users from the off-chain world to the on-chain ecosystem by creating breakthrough dApps and integrating DuckChain's "Duck" brand image. Whether it's building the next phenomenal Meme platform or an innovative DeFi solution, this event will provide unlimited possibilities for your creativity!
Why participate?
Generous rewards
The total prize pool is up to $1,000,000 in DuckChain tokens, which will be distributed after the DuckChain TGE and include:
· Golden Duck Award: $500,000 for the best performing project.
· Quack-tastic Special Award: $200,000 for a highly creative project.
· Duckling Star Award: $50,000 for the project with the most community engagement.
Excellent opportunity
Participants will have the opportunity to attract the attention of global Web3 users, win the favor of investors, and show your achievements to the world!
Hackathon Track
Meme track: Create a dapp with Meme as the core, integrating humor, creativity and blockchain technology.
DeFi track: Build innovative DeFi applications and explore new use cases for stablecoins.
Telegram-driven dApp track: Use the Telegram ecosystem to develop robots, applets or games.
AI track: Explore AI-driven blockchain solutions, including DAO, AI Agent, NFT, and various application scenarios.
Infrastructure track: Innovative development of tools and technologies for decentralized social networks, bioinformatics, and other fields.
How to participate?
Submissions will open on December 15, 2024. Register now on the DuckChain Hackathon portal and take the first step in shaping the future of Web3.
About DuckChain
DuckChain is the first consumer layer based on TON, dedicated to bringing billions of Telegram users to the blockchain. With more than 50 ecosystem partners, 10 million transactions and 2.6 million on-chain users, DuckChain is leading the way and redefining the future of Web3.
This article is from a contribution and does not represent the views of BlockBeats
