Oak Grove Ventures has announced a $5 million investment in DuckChain, an innovative blockchain platform aiming to enhance the integration of decentralized applications within Telegram’s ecosystem. Utilizing TON-based Ethereum Virtual Machine (EVM) solutions, DuckChain intends to meet the demands of Telegram’s vast user base, which exceeds 30 million active users, by offering scalable solutions that bridge Web2 and Web3.
Additional contributors to this funding round included prominent companies such as dao5, Tandem by Offchain Labs, Kenetic Capital, DWF Ventures, Skyland Ventures, as well as angel investors from major projects like Camelot and Quantstamp. This strategic investment aligns with Oak Grove Ventures’ vision to advance pioneering blockchain technologies, with DuckChain positioned as a significant player in fostering blockchain adoption due to its unique synergy with Telegram’s platform.
The initiative represents Oak Grove Ventures’ commitment to fostering innovation in blockchain technology, anticipating that DuckChain’s seamless integration with Telegram will significantly ease the transition to Web3 for developers and consumers. Through this support, Oak Grove Ventures—a firm recognized for identifying and nurturing potential startups globally—is taking decisive steps to contribute to the broader adoption of decentralized applications.
Oak Grove Ventures operates in key international hubs including Silicon Valley, Singapore, Hong Kong, and Tokyo, and is known for its early-stage investments in burgeoning industries such as Web3, AI, and biotechnology. Their investment in DuckChain underscores a determined effort to push technological boundaries within the blockchain sector.
