To spur Web3 innovation, DuckChain raised $5 million and organized a global hackathon.
December 20, 2024, Singapore (GLOBE NEWSWIRE) — The eagerly awaited Yellow Duck Mission Global Hackathon has begun, and DuckChain, a ground-breaking Web3 platform powered by TONScale Labs and Arbitrum, has announced a significant financing milestone.
Prominent investors Dao5, Tandem by Off chain Labs, Kenetic Capital, DWF Ventures, Oak Grove Ventures, Skyland Ventures, Geekcartel, Gate Labs, and Presto led the $5 million fundraising round that the startup was able to secure. Angel investors connected to Camelot, Quantstamp, and other prominent blockchain companies also participated in the fundraising.
Pioneering Innovation through the Mission of Yellow Duck
The Yellow Duck Ambition is a global hackathon that aims to bring developers, creators, and blockchain enthusiasts together to create cutting-edge decentralized applications (dApps) in support of DuckChain’s ambition to redefine Web3. The event, which is co-hosted by prominent Web3 stakeholders like OKX Wallet, Arbitrum, and One PieceLab, will highlight innovative concepts that push the limits of blockchain technology.
After the Token Generation Event (TGE), participants will vie for a piece of the substantial $1,000,000 prize pool, which will be given out in DuckChain Tokens. The hackathon will take place between December 15, 2024, and January 15, 2025. On January 23, 2025, the winners will be revealed.
What Is Unique About the Yellow Duck Mission?
The Yellow Duck Mission is a global launchpad for innovative Web3 applications, not just a conventional hackathon. The event is intended to draw developers from a variety of fields, including decentralized finance (DeFi) protocols, AI-driven applications, meme-inspired platforms, and more, by emphasizing the creation of next-generation dApps.
DuckChain’s ultimate goal is to use its ecosystem and distinctive “Duck” brand identification to connect billions of Telegram users from off-chain to on-chain. There will be countless chances for people to innovate, whether it’s developing the next big meme dApp or breaking new ground in decentralized finance.
Why Take Part?
Huge Benefits
The $1,000,000 prize pool for the hackathon is divided as follows:
Golden Duck Awards: $500,000 awarded to the best projects.
Quack-tastic Mentions: $200,000 for very creative concepts.
A $50,000 Duckling Star Award will be given to the project with the best community involvement.
Opportunities That Are Unmatched
In addition to gaining international recognition, participants will draw in possible investors and present their work to a group of Web3 decision-makers and pioneers.
Various Paths to Innovation
The hackathon provides a variety of tracks to motivate participants, such as:
Meme: Create d Apps with a focus on memes that blend blockchain innovation with humor.
DeFi: Develop innovative applications for decentralized finance, such as new stable coin uses.
d Apps Powered by Telegram: Create games, mini-apps, or bots that take advantage of Telegram’s extensive ecosystem.
AI: Examine blockchain applications with AI integration for DAOs, NFTs, and other innovative solutions.
Infrastructure: Create tools to improve bioinformatics, decentralized social networks, and other fields.
How to Take Part
Submissions opened on December 15, 2024. Developers, designers, and innovators are encouraged to register at the DuckChain Hackathon Portal to join this transformative journey into the future of Web3.
About Duck Chain
Duck Chain is a pioneering TON Consumer Layer platform dedicated to seamlessly integrating Telegram users into the blockchain space. With a robust ecosystem of over 50 partners, 10 million total transactions, and 2.6 million on-chain users, DuckChain is redefining how decentralized applications are built and used.
By empowering developers and fostering innovation, Duck Chain aims to unlock the true potential of Web3 technologies and connect billions of users to decentralized ecosystems.
Join the Web3 Revolution
The Yellow Duck Mission represents a unique opportunity for developers and blockchain enthusiasts to leave their mark on the Web3 landscape. With a $1,000,000 prize pool, unparalleled exposure, and the chance to collaborate with global innovators, the hackathon promises to be a game-changer.
DuckChain Secures $5M in Groundbreaking Funding Round, Launches $1M Yellow Duck Mission Global Hackathon to Redefine Web3 Innovation”
Explanation of the Changes:
Groundbreaking Funding Round”: Suggests the funding is significant and transformative, which grabs attention.
Launches $1M Yellow Duck Mission”: Highlights the hackathon’s impressive prize pool, creating excitement
Global Hackathon to Redefine Web3 Innovation”: Adds a sense of global importance and ambition, appealing to a wider audience.
