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.

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.

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

I never expected that the first application of AI x Crypto would be in security auditing

AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.

What is your view on Binance's competitive advantages?

When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?

ETH has entered a non-consensus phase, and the turning point is approaching!

This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today

It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX

The living space is constantly being compressed.

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained

Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?

Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

Overview of Important Market Events on June 24

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

Former SpaceX engineer reconstructs the financial execution system using first principles

Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.

Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed

The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begu...

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

Who is footing the bill for the $64 billion accounting frenzy?

I never expected that the first application of AI x Crypto would be in security auditing

AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.