Oak Grove Ventures invests $5M in DuckChain to advance blockchain innovation
DuckChain’s goal of enabling decentralized applications within the Telegram ecosystem is supported by Oak Grove Ventures’ $5 million investment.
Oak Grove Ventures publicly disclosed a $5 million investment in DuckChainan innovative blockchain platform that uses 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 like Camelot and Quantstamp, also contributed to this fundraising.
With DuckChain’s seamless integration into Telegrams ecosystem, developers can create decentralized applications that meet the demands of Telegram’s more than 30 million active users. DuckChain seeks to harness the blockchain potential of Telegram’s large user base using a TON-based EVM solution, offering scalable solutions that bridge Web2 and Web3.
Oak Grove Ventures’ decision to invest in DuckChain aligns with the company’s commitment to promoting innovative blockchain technology. Due to its unique interaction with Telegram, DuckChain positions itself as a key player in the adoption of blockchain technology, facilitating the transition of developers and consumers to the Web3 era. According to Oak Grove Venturesthis investment is a strategic step to help DuckChain make significant progress in decentralized applications.
Web3, AI and biotechnology are just a few of the modern 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 identifying and supporting potential startups and entrepreneurs in their early stages.
The company’s commitment to supporting initiatives that push the boundaries of blockchain Tech took a major 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 smooth integration with the Telegram platform.
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