Oak Grove Ventures has announced its investment in DuckChain, a pioneering blockchain platform leveraging TON-based EVM solutions. The $5 million funding round included contributions from dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Skyland Ventures, and other notable firms, as well as angel investors from leading projects such as Camelot and Quantstamp.
DuckChain is a forward-looking blockchain platform designed to integrate seamlessly with Telegram’s ecosystem. By employing a TON-based EVM solution, DuckChain enables developers to build decentralized applications (dApps) tailored to the needs of Telegram’s extensive user base. The platform focuses on unlocking the blockchain potential of over 30 million Telegram Star users, creating scalable solutions that bridge Web2 and Web3.
Oak Grove Ventures’ decision to invest in DuckChain stems from its commitment to supporting innovative technologies that expand the possibilities of blockchain. DuckChain’s unique integration with Telegram positions it as a key driver of blockchain adoption, making it easier for users and developers to transition into the Web3 era. This investment represents Oak Grove Ventures’ confidence in DuckChain’s ability to deliver meaningful advancements and shape the future of decentralized applications.
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