DuckChain, a layer-2 solution designed to enhance the TON blockchain, has successfully raised $5 million in a strategic funding round. The round was led by prominent investors, including dao5, Offchain Labs, Kenetic Capital, and DWF Ventures, with additional support from Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto. The funds will primarily be used to boost Ethereum Virtual Machine (EVM) compatibility, improve scalability, and attract users from other blockchain ecosystems.
In addition to the funding, DuckChain has forged key partnerships with Arbitrum, OKX Wallet, and OnePieceLab to further strengthen its ecosystem. These collaborations are expected to accelerate the adoption of DuckChain’s technology and position it as a leader in the blockchain space.
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To foster innovation, DuckChain is hosting the Yellow Duck Mission Hackathon from December 15, 2024, to January 15, 2025. The event invites developers to build decentralized applications (dApps) across various tracks, with a $1 million prize pool in DuckChain tokens. Top winners will receive $500,000, while other creative and community-driven projects will share the remaining rewards. Submissions are open via the DuckChain Hackathon Portal.
DuckChain has emerged as a key player in the blockchain industry, offering faster transactions, greater transparency, and enhanced security. Leveraging advanced technology, it has gained attention for its potential to transform sectors like supply chain management, finance, and logistics.
With the recent funding and growing partnerships, DuckChain is well-positioned to continue its expansion, attracting both developers and users from across the blockchain ecosystem.
