DuckChain Secures $5M in Funding and Unveils the Yellow Duck Mission—a Global Web3 Hackathon with a $1,000,000 Prize Pool

SINGAPORE, Dec. 20, 2024 (GLOBE NEWSWIRE) — DuckChain, powered by TONScale Labs and Arbitrum, is excited to announce that it has secured $5 million

SINGAPORE, Dec. 20, 2024 (GLOBE NEWSWIRE) — DuckChain, powered by TONScale Labs and Arbitrum, today announced that it has closed a $5 million funding round. The round was led by top investors, including Presto and others. Additionally, the funding saw participation from angels from Camelot, Quantstamp, and other strategic backers.

This funding will be used to further develop DuckChain, the first TON Consumer Layer, and to launch the Yellow Duck Mission, a global Web3 hackathon. Co-hosted by OKX Wallet, Arbitrum, and OnePieceLab, the Yellow Duck Mission will gather Web3 pioneers to drive blockchain innovation. Featuring a $1,000,000 prize pool in DuckChain Tokens, the event promises to propel the Web3 ecosystem forward.

Beginning on December 15, 2024, and concluding on January 15, 2025, the Yellow Duck Mission invites participants to build innovative dApps and integrate DuckChain’s "Duck" brand identity. From DeFi protocols to AI-powered applications and meme-centric platforms, the possibilities are endless. The winners will be announced on January 23, 202oken distribution will follow shortly after.

With a mission to bridge billions of Telegram users from off-chain to on-chain, DuckChain is excited to see the creative solutions that emerge from this hackathon. Whether you’re crafting the next viral meme launchpad or a decentralized finance solution, join the movement and shape the future of Web3.

Choose your track, build your dApp, and submit your project by January 15, 2025. Together, let's make Web3 mainstream!

Don't Miss Out!

Join the Yellow Duck Mission today and make your mark on the Web3 revolution. Visit DuckChain Hackathon Portal for more details and registration.

Press Contact:

bd@duckchain.io

Singapore

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0974f0ac-962d-4b16-8815-1dfbaae42d4d

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