The post DuckChain announces strategic partnerships and secures $5M in financing appeared on BitcoinEthereumNews.com.

DuckChain joins forces with major crypto players to drive the next wave of decentralized applications and announces the Yellow Duck Mission hackathon. Leading investors, including dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto, participated in the $5 million financing round for the TON ecosystem layer-2 project DuckChain. As DuckChain works to improve the TON blockchain’s scalability and functionality, this funding represents an important turning point for the project. This funding will help the project improve its EVM compatibility, and DuckChain will be able to attract new users from other blockchain communities, bring new liquidity, and foster a diverse ecosystem for DuckChain and eventually for the TON network as a whole. DuckChain has successfully raised $5 million, backed by @daofive, @OffchainLabs, @KeneticCapital, @DWFVentures, @OakGroveVC, @skylandvc, @geek_cartel, @gate_io, @Presto_Labs, and others. Angel investors from leading industry projects such as @CamelotDEX and @Quantstamp also… pic.twitter.com/G6588Eeuem — DuckChain (@Duck_Chain) December 20, 2024 DuckChain has also announced partner agreements with Arbitrum, OKX Wallet, OnePieceLab, and other well-known industry companies to strengthen its position in the blockchain market. Together, they are launching the Yellow Duck Mission hackathon to bring developers, creators, and innovators to create the next generation of decentralized applications within the DuckChain ecosystem. With a total prize pool of $1 million in DuckChain Tokens, the hackathon, which takes place from December 15, 2024, to January 15, 2025, aims to stimulate innovative solutions in fields including DeFi protocols, AI-powered apps, and meme-focused platforms. Top-performing projects will receive $500,000, creative projects will receive $200,000, and the most community-engaged initiative will receive $50,000. Participants will also get a chance to raise awareness internationally, draw in investors, and present their new technology to the Web3 community. Meme dApps, DeFi apps, Telegram-powered dApps, AI solutions, and infrastructure tools are among the…

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Filed under: News - @ December 20, 2024 10:28 am