OKX Ventures invests in DuckChain to bridge Web2 and Web3, leveraging AI, cross-chain interoperability, and mass adoption for blockchain growth.
OKX Ventures has announced an investment in DuckChain, the largest EVM blockchain on Telegram. With the goal to help bridge Web2 to Web3, DuckChain is targeting to reach Telegram’s 1 billion users. OKX Ventures shared this move through its official X account. DuckChain uses AI, crosschain interoperability and is aimed at mass adoption, making blockchain more approachable.
TONScale Labs developed DuckChain, a protocol expanded with Arbitrum Orbit. The connection between Web2 and Web3 is seamless, giving Telegram users access to decentralized applications (dApps). Consequently, the platform is aimed at bringing blockchain technology to a broader audience, especially the users of Telegram, one of the largest social messengers. Moreover, DuckChain has currently over 20 million active users and 9 million wallets.
OKX Ventures Backs DuckChain AI and Cross-Chain Blockchain Innovation
The AI powered ecosystem of DuckChain is what sets this project apart. The blockchain is simplified with AI using the platform. It offers personalized DeFi insights, automated assistance and frictionless governance. It also makes Web3 user friendly, even for those who have not yet experienced the blockchain. In addition, DuckChain uses these AI tools to help users understand DeFi in such a complicated world.
One important thing about DuckChain is its crosschain interoperability. It connects both Telegram and Ethereum and other blockchain ecosystems. This allows developers to easily deploy dApps and users to interact with different blockchains. With a seamless crosschain interface, DuckChain makes it easier for everyone.
DuckChain is a project for which OKX Ventures sees enormous potential. The platform is meant to help grow Web3 by bringing blockchain to this mass user base, it believes. Another key factor is that DuckChain is community-driven, and 77% of the $DUCK token is dedicated to the community.
Ultimately, DuckChain is linking Web2 and Web3. Its features include AI powered ones, its AIM is mass adoption and it is cross chain interoperable which sets it apart from other blockchains. In addition, this investment in DuckChain by OKX Ventures helps the latter achieve its mission of bringing blockchain to billions of people. As DuckChain expands it will continue to be a critical piece of Web3’s future.
Source: https://www.livebitcoinnews.com/okx-ventures-invests-in-duckchain-to-bridge-web2-and-web3/