DuckChain joins forces with main crypto gamers to drive the subsequent wave of decentralized purposes and proclaims the Yellow Duck Mission hackathon.
Main buyers, together with dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto, participated within the $5 million financing spherical for the TON ecosystem layer-2 challenge DuckChain.
As DuckChain works to enhance the TON blockchain’s scalability and performance, this funding represents an necessary turning level for the challenge. This funding will assist the challenge enhance its EVM compatibility, and DuckChain will have the ability to appeal to new customers from different blockchain communities, convey new liquidity, and foster a various ecosystem for DuckChain and finally for the TON community as a complete.
DuckChain has efficiently raised $5 million, backed by @daofive, @OffchainLabs, @KeneticCapital, @DWFVentures, @OakGroveVC, @skylandvc, @geek_cartel, @gate_io, @Presto_Labs, and others.
Angel buyers from main trade tasks resembling @CamelotDEX and @Quantstamp additionally… pic.twitter.com/G6588Eeuem
— DuckChain (@Duck_Chain) December 20, 2024
DuckChain has additionally introduced accomplice agreements with Arbitrum, OKX Pockets, OnePieceLab, and different well-known trade corporations to strengthen its place within the blockchain market. Collectively, they’re launching the Yellow Duck Mission hackathon to convey builders, creators, and innovators to create the subsequent era of decentralized purposes throughout the DuckChain ecosystem.
With a complete prize pool of $1 million in DuckChain Tokens, the hackathon, which takes place from December 15, 2024, to January 15, 2025, goals to stimulate revolutionary options in fields together with DeFi protocols, AI-powered apps, and meme-focused platforms.
High-performing tasks will obtain $500,000, inventive tasks will obtain $200,000, and probably the most community-engaged initiative will obtain $50,000. Individuals will even get an opportunity to lift consciousness internationally, attract buyers, and current their new know-how to the Web3 group.
Meme dApps, DeFi apps, Telegram-powered dApps, AI options, and infrastructure instruments are among the many tracks out there to individuals. On December 15, 2024, submissions will start, and individuals can register on the DuckChain Hackathon Portal.
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DuckChain is a layer-2 answer suitable with EVM designed for the TON blockchain. It was created with help from TonScale Labs and Arbitrum to supply scalability and liquidity. By connecting TON with the Ethereum Digital Machine (EVM) and Bitcoin ecosystems, DuckChain goals to attract in a variety of customers, resolving scalability considerations and bettering interoperability.
With this monetary help and strategic partnerships, DuckChain is well-positioned to contribute considerably to the event of the TON ecosystem by selling decentralized options which can be efficient, scalable, and inclusive.
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