DuckChain’s aim of enabling decentralized apps inside the Telegram ecosystem is supported by the $5 million funding from Oak Grove Ventures.
Oak Grove Ventures has publicly disclosed a $5 million funding in DuckChain, an progressive blockchain platform that makes use of TON-based EVM options. A number of well-known firms, together with dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Skyland Ventures, and angel traders from main tasks like Camelot and Quantstamp, additionally contributed to this fundraising spherical.
We’re thrilled to announce our funding in @Duck_Chain, a groundbreaking #blockchain platform leveraging #TON-based EVM options to combine seamlessly with Telegram’s ecosystem.
By becoming a member of DuckChain’s $5M funding spherical, we purpose to empower its mission to unlock the #Web3… pic.twitter.com/yJEBBH5M5E
— Oak Grove Ventures (@OakGroveVC) December 30, 2024
With DuckChain’s seamless integration into Telegram’s ecosystem, builders can create decentralized apps that meet the calls for of greater than 30 million lively Telegram customers. DuckChain seeks to leverage Telegram’s massive person base’s blockchain potential by using a TON-based EVM answer, providing scalable options that bridge Web2 and Web3.
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Oak Grove Ventures’ resolution to put money into DuckChain aligns with the corporate’s dedication to selling progressive blockchain know-how. Because of its distinctive interplay with Telegram, DuckChain is positioned as a key participant within the adoption of blockchain know-how, making it simpler for builders and shoppers to transition to the Web3 period. In accordance with Oak Grove Ventures, this funding is a strategic step to assist DuckChain make vital progress in decentralized functions.
Web3, AI, and biotechnology are only a few of the trendy industries wherein Oak Grove Ventures makes a speciality of early-stage investments. With places of work in main worldwide places together with Silicon Valley, Singapore, Hong Kong, and Tokyo, Oak Grove Ventures is an professional at recognizing and supporting potential startups and entrepreneurs of their infancy.
The corporate’s dedication to supporting initiatives that push the boundaries of blockchain know-how has taken a significant step ahead with its funding in DuckChain. In accordance with Oak Grove Ventures, the broader adoption of decentralized apps will probably be largely depending on DuckChain’s imaginative and prescient and its clean integration with Telegram’s platform.
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