DuckChain announces strategic partnerships and secures $5M in financing

DuckChain joins forces with main crypto gamers to drive the following wave of decentralized purposes, asserting the Yellow Duck Mission hackathon.

Main traders together with dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io and Presto participated within the $5 million funding spherical for the TON ecosystem layer 2 undertaking DuckChain.

As DuckChain works to enhance the scalability and performance of the TON blockchain, this funding represents a significant turning level for the undertaking. This funding will assist the undertaking enhance EVM compatibility, and DuckChain will be capable of entice new customers from different blockchain communities, deliver new liquidity and foster a various ecosystem for DuckChain and in the end the TON community as an entire.

DuckChain has additionally introduced partnership agreements with Arbitrum, OKX Pockets, OnePieceLab and different well-known trade firms to strengthen its place within the blockchain market. Collectively they’re launching the Yellow Duck Mission hackathon to allow builders, makers and innovators to create the following era of decentralized purposes throughout the DuckChain ecosystem.

With a complete prize pool of $1 million in DuckChain Tokens, the hackathon, happening from December 15, 2024 to January 15, 2025, goals to drive modern options in areas similar to DeFi protocols, AI-powered apps and meme-focused purposes. platforms.

The highest performing initiatives will obtain $500,000, artistic initiatives will obtain $200,000, and essentially the most community-engaged initiative will obtain $50,000. Contributors will even have the chance to boost consciousness internationally, entice traders and showcase their new expertise to the Web3 neighborhood.

Meme dApps, DeFi apps, Telegram-powered dApps, AI options and infrastructure instruments are among the many tracks accessible to members. Entries will start on December 15, 2024 and members can register on the DuckChain Hackathon Portal.

DuckChain is a layer 2 answer suitable with EVM and designed for the TON blockchain. It was created with assist from TonScale Labs and Arbitrum to supply scalability and liquidity. By connecting TON to the Ethereum Digital Machine (EVM) and Bitcoin ecosystems, DuckChain goals to draw a variety of customers, clear up scalability points and enhance interoperability.

With this monetary assist and strategic partnerships, DuckChain is nicely positioned to considerably contribute to the event of the TON ecosystem by advancing decentralized options which might be efficient, scalable and inclusive.