DuckChain, a prominent player in the TON ecosystem, has recently secured a substantial $5 million funding round from leading investors such as dao5, Offchain Labs, Kenetic Capital, and others. This funding marks a significant milestone for DuckChain as it focuses on enhancing the scalability and functionality of the TON blockchain. The project aims to improve its compatibility with the Ethereum Virtual Machine (EVM) and attract users from various blockchain communities to foster a diverse ecosystem within the TON network.
In addition to the funding round, DuckChain has forged strategic partnerships with industry giants like Arbitrum, OKX Wallet, and OnePieceLab. Together, they are launching the Yellow Duck Mission hackathon, a groundbreaking initiative aimed at driving innovation in decentralized applications within the DuckChain ecosystem. With a generous prize pool of $1 million in DuckChain Tokens, the hackathon will run from December 15, 2024, to January 15, 2025, inviting developers, creators, and innovators to participate in creating innovative solutions in fields like DeFi protocols, AI-powered apps, and meme-focused platforms.
Participants in the hackathon will have the opportunity to showcase their projects to a global audience, attract potential investors, and engage with the Web3 community. Tracks available for submission include Meme dApps, DeFi apps, Telegram-powered dApps, AI solutions, and infrastructure tools. The top-performing projects stand to win substantial cash prizes, with the most innovative projects receiving up to $500,000 in rewards.
DuckChain, a layer-2 solution compatible with the EVM, aims to address scalability issues and enhance interoperability by connecting the TON blockchain with the Ethereum and Bitcoin ecosystems. With the support of strategic partnerships and financial backing, DuckChain is poised to make a significant impact on the development of the TON ecosystem by promoting decentralized solutions that are efficient, scalable, and inclusive. Participants can register for the hackathon on the DuckChain Hackathon Portal starting from December 15, 2024.