OKX Ventures Backs DuckChain to Enhance Telegram's Web3 Integration
OKX Ventures has announced its strategic investment in DuckChain, a blockchain platform designed to integrate Web3 capabilities into Telegram’s extensive user base, according to OKX Ventures. DuckChain, developed by TONScale Labs and powered by Arbitrum Orbit, aims to usher in a new era of blockchain accessibility and scalability by leveraging Telegram’s massive network.
DuckChain's Unique Features
DuckChain is distinguished by its AI-driven ecosystem, which simplifies blockchain interactions for users by providing personalized DeFi insights, automated assistance, and streamlined governance. This platform is designed to make Web3 intuitive and accessible for all users, capitalizing on Telegram’s existing infrastructure.
With over 20 million active users, 61 million transactions, and 9 million wallets, DuckChain is positioned as a leader in driving mass adoption of blockchain technology. It facilitates seamless cross-chain interoperability, enabling easy deployment of decentralized applications (dApps) across Telegram, Ethereum, and other ecosystems. This interoperability is crucial for developers and users seeking efficient blockchain interactions.
Community-Centric Approach
DuckChain emphasizes a community-driven approach, allocating 77% of its $DUCK tokens to the community. This strategy allows users and token holders to actively participate in ecosystem governance through AI-enhanced decision-making processes. Such a model not only empowers users but also ensures transparency and accountability within the platform.
OKX Ventures' Strategic Investment
OKX Ventures’ investment in DuckChain underscores its commitment to supporting innovative blockchain projects that have the potential to revolutionize the Web3 landscape. By providing a user-friendly gateway for Telegram’s billion-strong user base, DuckChain is poised to play a significant role in the widespread adoption of decentralized technologies.
OKX Ventures, the investment arm of global crypto exchange OKX, focuses on promoting the healthy development of the blockchain ecosystem with an initial capital commitment of USD 100 million. The firm aims to accelerate the adoption of cutting-edge blockchain technologies by backing projects like DuckChain.
