DuckChain Secures $5 Million Investment from Oak Grove Ventures

DuckChain aims to enable decentralized apps within the Telegram ecosystem, bolstered by a $5 million investment from Oak Grove Ventures.

Oak Grove Ventures has publicly disclosed its $5 million investment in DuckChain, an innovative blockchain platform utilizing TON-based EVM solutions. The funding round saw contributions from notable firms, including dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Skyland Ventures, and angel investors from prominent projects like Camelot and Quantstamp.

> “We’re thrilled to announce our investment in @Duck_Chain, a groundbreaking #blockchain platform leveraging #TON-based EVM solutions to integrate seamlessly with Telegram’s ecosystem.”
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> — Oak Grove Ventures (@OakGroveVC) December 30, 2024

With its seamless integration into Telegram’s ecosystem, DuckChain enables developers to create decentralized apps that cater to over 30 million active Telegram users. By leveraging Telegram’s vast user base, DuckChain seeks to harness the blockchain potential through a TON-based EVM solution, providing scalable options that bridge Web2 and Web3.

Oak Grove Ventures’ Commitment

Oak Grove Ventures’ decision to invest aligns with its mission to promote innovative blockchain technology. DuckChain’s unique relationship with Telegram positions it as a key player in the transition to blockchain, easing the path for developers and consumers into the Web3 era. Oak Grove Ventures views this investment as a strategic move to significantly advance DuckChain’s decentralized applications.

Oak Grove Ventures specializes in early-stage investments across various modern industries, including Web3, AI, and biotechnology. With offices in major international hubs such as Silicon Valley, Singapore, Hong Kong, and Tokyo, they adeptly identify and support promising startups.

The investment in DuckChain marks a significant advancement in Oak Grove Ventures’ commitment to supporting initiatives that push the boundaries of blockchain technology. According to the firm, the wider adoption of decentralized apps heavily relies on DuckChain’s vision and integration with the Telegram platform.