Duck Chain has announced the successful completion of its $5 million funding round, a significant milestone in its journey to revolutionize the Telegram ecosystem. The round was led by a stellar lineup of investors, including dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, Geekcartel, Gate Labs, Presto, and other notable backers.
In addition to these institutional investors, angel investors from leading industry projects such as Camelot and Quantstamp also joined the round, signaling strong confidence in Duck Chain’s vision and technological promise.
Empowering Telegram’s 30 Million Star Users
Duck Chain is on a mission to unlock the on-chain potential of Telegram's vast user base, which boasts over 30 million Star users. By leveraging its TON-based EVM solution, Duck Chain aims to seamlessly integrate blockchain capabilities into the Telegram ecosystem, creating opportunities for enhanced user engagement, decentralized applications, and more efficient on-chain interactions.
This funding will empower the project to build robust infrastructure and deliver on its ambitious goals. Duck Chain's innovative approach has the potential to redefine how Telegram users interact with blockchain technology, enabling new use cases and expanding the reach of decentralized systems.
Yellow Duck Mission Hackathon
To celebrate this monumental achievement, Duck Chain is launching the Yellow Duck Mission Hackathon, inviting developers, entrepreneurs, and innovators to create cutting-edge solutions on its platform. With a total prize pool of $1 million, the hackathon aims to attract top talent and accelerate the growth of its ecosystem.
This initiative not only provides an opportunity for participants to contribute to a groundbreaking project but also highlights Duck Chain’s commitment to fostering collaboration and community-driven innovation.
A Bright Future for Duck Chain
With this funding round and the hackathon, Duck Chain is well-positioned to make a significant impact in the blockchain space. By tapping into Telegram’s massive user base and introducing a TON-based EVM solution, the project has the potential to become a pivotal player in the decentralized ecosystem.
As Duck Chain continues to push boundaries, all eyes are on its next steps. The combination of strong investor backing, a clear vision, and a thriving developer community sets the stage for a transformative journey.