PANews reported on December 20 that DuckChain, the consumer layer of the TON ecosystem, announced the successful completion of a $5 million financing round, with investors including DAO5, Offchain Labs, Kenetic Capital, DWF Ventures, Oak Grove VC, Skyland VC, Geek Cartel, Gate.io, Presto Labs, etc. In addition, angel investors of well-known projects such as CamelotDEX and Quantstamp also participated in this round of financing.

DuckChain plans to use this funding to unlock the on-chain potential of more than 30 million Telegram Star users through TON-based EVM solutions. At the same time, DuckChain also launched the "Yellow Duck Mission" hackathon with a total prize pool of $1 million, and partners include Wallet, Arbitrum and OnePiece Labs.