DuckChain has revealed strategic partnerships
DuckChain has revealed strategic partnerships

DuckChain has revealed strategic partnerships and has successfully obtained $5 million in funding.

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DuckChain collaborates with prominent cryptocurrency entities

DuckChain collaborates with prominent cryptocurrency entities to propel the next generation of decentralized applications and announces the Yellow Duck Mission hackathon. Notable investors such as dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto have participated in a $5 million funding round for DuckChain, a layer-2 project within the TON ecosystem.

As DuckChain aims to enhance the scalability and functionality of the TON blockchain, this investment marks a significant milestone for the initiative. The funding will facilitate improvements in EVM compatibility, enabling it to attract new users from various blockchain communities, increase liquidity, and cultivate a diverse ecosystem for both DuckChain and the broader TON network.

It has announced strategic partnerships with prominent industry players such as Arbitrum, OKX Wallet, and OnePieceLab to enhance its presence in the blockchain sector. In collaboration, they are launching the Yellow Duck Mission hackathon, which aims to attract developers, creators, and innovators to design the next generation of decentralized applications within the ecosystem.

The hackathon, scheduled to run from December 15, 2024, to January 15, 2025, features a total prize pool of $1 million in DuckChain Tokens, with the objective of fostering innovative solutions across various domains, including DeFi protocols, AI-driven applications, and meme-centric platforms.

Participants will have access to various tracks, including Meme dApps, DeFi applications, Telegram-powered dApps, AI solutions, and infrastructure tools. The submission period will commence on December 15, 2024, and interested individuals can register through the DuckChain Hackathon Portal.

DuckChain serves as a layer-2 solution that is EVM-compatible and designed specifically for the TON blockchain. Developed with the support of TonScale Labs and Arbitrum, it aims to enhance scalability and liquidity. By bridging the TON network with the Ethereum Virtual Machine (EVM) and Bitcoin ecosystems, seeks to attract a diverse user base, addressing scalability challenges and enhancing interoperability.

With robust financial backing and strategic alliances, It is strategically positioned to make a substantial impact on the growth of the TON ecosystem by fostering decentralized solutions that are efficient, scalable, and inclusive.

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