Oak Grove Ventures invests $5 million in DuckChain to advance blockchain innovation
DuckChain’s goal of enabling decentralized applications within the Telegram ecosystem is supported by a $5 million investment from Oak Grove Ventures.
Oak Grove Projects It publicly disclosed a $5 million investment in DuckChainan innovative blockchain platform that uses TON-based EVM solutions. Many well-known companies, including dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Skyland Ventures, and angel investors from leading ventures such as Camelot and Quantstamp, also contributed to this fundraising round.
With DuckChain’s seamless integration into cable ecosystem, developers can create decentralized applications that meet the requirements of Telegram’s more than 30 million active users. DuckChain seeks to leverage the blockchain potential of Telegram’s large user base by utilizing a TON-based EVM solution, offering scalable solutions that bridge Web2 and Web3.
Oak Grove Ventures’ decision to invest in DuckChain is in line with the company’s commitment to promoting innovative blockchain technology. Due to its unique interaction with Telegram, DuckChain is positioned as a major participant in the adoption of blockchain technology, making it easier for developers and consumers to transition into the Web3 era. according to Oak Grove ProjectsThis investment is a strategic move to help DuckChain make significant progress in decentralized applications.
Web3, AI, and biotechnology are just a few of the emerging industries in which Oak Grove Ventures specializes in early-stage investments. With offices in major international locations including Silicon Valley, Singapore, Hong Kong and Tokyo, Oak Grove Ventures is an expert in discovering and supporting budding startups and potential entrepreneurs.
The company’s commitment to supporting initiatives that push boundaries blockchain The technology has taken a big step forward with its investment in DuckChain. According to Oak Grove Ventures, broader adoption of decentralized applications will largely depend on DuckChain’s vision and its seamless integration with the Telegram platform.
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