DuckChain has announced that it has secured $5 million in funding from institutions such as dao5 and Tandem by Offchain Labs, and has launched the Ye

DuckChain, endorsed by TONScale Labs and Arbitrum, has announced the successful completion of a $5 million funding round. The investment was led by top-tier investment institutions including dao5, Offchain Labs' Tandem, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, Geekcartel, Gate Labs, and Presto. Additionally, strategic angel investors from Camelot and Quantstamp also participated in this funding round.

On this significant funding milestone, DuckChain has also launched the global Web3 hackathon, Yellow Duck Mission, aiming to bring together developers, creators, and innovators to collectively build the next generation of decentralized applications. Co-hosted by OKX Wallet, Arbitrum, and OnePieceLab, this event will gather the pioneering forces in the Web3 space to drive innovation in the blockchain domain. With a hackathon total prize pool of up to $1,000,000 in DuckChain tokens, it is poised to bring transformative development to the Web3 ecosystem.

What is Yellow Duck Mission?

Yellow Duck Mission is not just a hackathon but also the starting point of the next wave of Web3 innovation. From December 15, 2024, to January 15, 2025, participants will have the opportunity to develop creative solutions that push the boundaries of blockchain technology, including decentralized finance (DeFi) protocols, AI-driven applications, meme-based platforms, and more. The list of winners will be announced on January 23, 2025.

DuckChain's mission is to connect billions of Telegram users from the off-chain world to the on-chain ecosystem by creating groundbreaking dApps and integrating DuckChain's "Duck" brand image. Whether you are building the next iconic Meme platform or an innovative DeFi solution, this event will offer limitless possibilities for your creativity!

Why Participate?

Generous Rewards

With a total prize pool of up to $1,000,000 in DuckChain tokens, rewards will be distributed after the DuckChain Token Generation Event (TGE) and will include:

· Golden Duck Award: Provides $500,000 to the best-performing project.

· Quack-tastic Special Prize: Awards $200,000 to recognize the most creative project.

· Duckling Star Award: Offers $50,000 to the project with the most active community engagement.

Excellent Opportunity

Participants will have the opportunity to attract the attention of global Web3 users, win investor favor, and showcase your accomplishments to the world!

Hackathon Tracks

· Meme Track: Build a meme-centric dapp that combines humor, creativity, and blockchain technology.

· DeFi Track: Develop innovative DeFi applications and explore new use cases for stablecoins.

· Telegram-Powered dApp Track: Utilize the Telegram ecosystem to develop bots, mini-apps, or games.

· AI Track: Explore AI-driven blockchain solutions, including DAOs, AI agents, NFTs, and various applications.

· Infrastructure Track: Innovate tools and technologies for decentralized social networks, bioinformatics, and other fields.

How to Participate?

The submission channel will open on December 15, 2024. Visit the DuckChain Hackathon portal to register and take the first step in shaping the future of Web3.

About DuckChain

DuckChain is the first TON-based consumer layer aiming to onboard billions of Telegram users to the blockchain space. DuckChain has already partnered with over 50 ecosystem partners, accumulated over 10 million transactions, and onboarded 2.6 million on-chain users, leading the way to redefine the future of Web3.

This article is contributed content and does not represent the views of BlockBeats.