DuckChain’s goal of enabling decentralized apps within the Telegram ecosystem is supported by $5 million investment from Oak Grove Ventures.
Oak Grove Ventures has publicly announced a $5 million investment in DuckChain, an innovative blockchain platform leveraging TON-based EVM solutions. Several well-known companies including dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Skyland Ventures and angel investors from leading projects such as Camelot and Quantstamp also contributed to this funding round.
DuckChain’s seamless integration into the Telegram ecosystem allows developers to build decentralized apps that meet the needs of more than 30 million active Telegram users. DuckChain seeks to leverage the blockchain potential of Telegram’s large user base by deploying a TON-based EVM solution and offering scalable solutions that connect Web2 and Web3.
Oak Grove Ventures’ decision to invest in DuckChain is consistent with the company’s commitment to advancing innovative blockchain technology. Due to its unique interaction with Telegram, DuckChain positions itself as a key participant in the adoption of blockchain technology, easing developers and consumers’ transition into the Web3 era. According to Oak Grove Ventures, this investment is a strategic move to help DuckChain make significant progress in decentralized applications.
Web3, AI and biotech are just a few of the modern industries in which Oak Grove Ventures specializes in early-stage investments. With offices in key international locations such as Silicon Valley, Singapore, Hong Kong and Tokyo…
