DuckChain, the emerging blockchain platform known for its fast, low-cost transactions, has raised $5 million in a funding round led by prominent investors such as Dao5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto.
The funding is set to fuel the platform’s next phase of growth as it aims to expand its influence in the Web3 space and build upon its vision of enhancing decentralized applications.
The latest round of funding will support DuckChain’s ongoing mission to offer scalable, efficient blockchain solutions that address the growing demand for everyday microtransactions.
Unlike traditional cryptocurrencies, DuckChain focuses on providing a platform for fast and low-fee transactions, particularly for smaller purchases, which makes it ideal for businesses and users seeking affordable blockchain solutions.
A Leap Forward with the “Yellow Duck Mission” Hackathon
In addition to the funding news, DuckChain has also launched the “Yellow Duck Mission,” a global Web3 hackathon designed to foster innovation within the decentralized application (dApp) ecosystem. The hackathon, running from December 15, 2024, to January 15, 2025, offers a prize pool of $1 million in DuckChain Tokens.
The event has attracted leading partners in the blockchain industry, including OKX Wallet, Arbitrum, and OnePieceLab, who are collaborating with DuckChain to provide developers with the resources and mentorship needed to create groundbreaking projects.
Hackathon participants are invited to build innovative solutions across a range of categories, including DeFi (Decentralized Finance) protocols, AI-powered applications, and meme-centric platforms, all of which will contribute to enhancing the Web3 ecosystem.
DuckChain’s commitment to promoting decentralized innovation is evident in the competition’s inclusive categories, which aim to appeal to a wide range of developers and entrepreneurs. By offering substantial rewards, DuckChain hopes to accelerate the development of dApps that leverage the platform’s low-cost, high-speed transactions.
Strengthening the TON Ecosystem
The funding and hackathon announcements come on the heels of DuckChain’s strategic efforts to enhance scalability and liquidity within the TON (The Open Network) ecosystem.
Through its integration with major blockchain networks such as Ethereum and Bitcoin, DuckChain is positioning itself as a central player in the growing Web3 space.
The platform’s focus on interoperability between different blockchains will allow users and developers to easily engage with multiple networks, boosting the utility and liquidity of DuckChain’s ecosystem.
DuckChain’s ability to connect and facilitate seamless transactions between diverse blockchain environments is a key feature that differentiates it from other platforms in the market. As the Web3 ecosystem evolves, DuckChain’s continued expansion promises to bring greater accessibility to decentralized finance and beyond.
A Bright Future for Microtransactions
With its recent funding success and the launch of the Yellow Duck Mission hackathon, DuckChain is on track to revolutionize the way users and businesses conduct transactions on the blockchain.
By focusing on microtransactions, low fees, and faster processing times, the platform is setting the stage for broader adoption of blockchain technology in daily activities, such as online shopping, gaming, and even tipping.
The backing of high-profile investors, combined with the global support for its hackathon, demonstrates the growing interest in DuckChain’s potential.
As the blockchain space continues to mature, DuckChain’s dedication to building a user-friendly, scalable, and efficient ecosystem positions it as a key player in the future of decentralized finance and beyond.
For more information about DuckChain and the Yellow Duck Mission hackathon, visit DuckChain’s website.
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