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 Yellow Duck Mission global hackathon.

By: blockbeats|2024/12/20 16:00:02

DuckChain has announced that it has secured million in funding from institutions such as dao5 and Tandem by Offchain Labs, and has launched the Yellow Duck Mission global hackathon.

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.

-- Price

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.

Interlace has launched two innovative products, Agent Card and Scan to Pay, bridging traditional finance and the crypto world, and comprehensively accelerating the integration of AI Agent consumption and stablecoin payments into everyday business scenarios with a more secure and efficient enterprise...

Morning Report | Musk's xAI launches Skills; Duan Yongping to first build position in Circle in Q1 2026; Polymarket partners with Nasdaq to launch prediction market

Overview of Important Market Events on May 19

WEEX P2P now supports COP—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Colombian Peso (COP) is now available on WEEX P2P!

Dialogue with Lead Bank Founder Jackie: American Banks Re-embrace Crypto

Excellent crypto companies are not those that are "best at circumventing regulations," but those that are "best at evolving in collaboration with regulations."

Vitalik: What we need to do is not to fight against AI, but to create a sanctuary

What is truly scarce is not computing power, but people who are willing to think proactively and retain sovereignty.

Morning News | VanEck and Grayscale submitted BNB ETF amendments on the same day; BlackRock discusses investing billions of dollars in SpaceX's IPO; Michael Saylor releases Bitcoin Tracker information again

Overview of Important Market Events on May 17

Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the United States was $995 million; the net outflow of Ethereum spot ETFs in the United States was $255 million

Avenir Group solidifies its position as the largest Bitcoin ETF institutional holder in Asia, ranking first in the region for eight consecutive seasons.

This Week's News Preview | The Federal Reserve Releases the Last FOMC Minutes of the "Powell Era"

Highlights of the week from May 18 to May 24.

Blockchain Capital Partner: Most people's understanding of on-chain economy is narrow

In the author's view, the most astonishing things in the blockchain space have yet to be created. Flash loans give us a glimpse, but this is just the tip of the iceberg.

The ambition of "one account trading global assets": How does CoinUp.io break down asset barriers to become an industry dark horse?

Create a diversified financial ecosystem through collaboration between CEX and public chains.

How long will it take for the GPU futures market when computing power is commoditized?

Will computing power be the next major commodity? Examining the GPU futures market from five dimensions: it is still too early to talk about an explosion; the real breakthrough variable lies within the wave of open-source models and inference demand.

WEEX Crypto Pizza Day: Join Us in Dubai for a Slice of Crypto History

Harvard and other institutions are liquidating their assets, and six core talents have left in a month. What is happening with Ethereum?

Vitalik's long-term vision is clear, but the realization of that vision requires stable coordination capabilities and continuous experience accumulation, both of which seem to be rapidly diminishing.