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The explosive growth of The Open Network (TON) blockchain in 2024 has focused the crypto industry's attention on the Telegram messaging app and its potential web3 use cases. The Open Network, frequently referred to as TON, became the first major blockchain project to tightly integrate the worlds of crypto and Web 2.0–based social media. And Telegram, with its nearly 1 billion active monthly users and popularity for one-to-one and one-to-many interactions, can be an absolute goldmine for web3 projects.
It was only a matter of time before other blockchain technology projects recognized the messenger's massive potential, and rushed to leverage opportunities. One of the earliest among these projects is DuckChain (DUCK) — a Layer 2 blockchain based on Arbitrum Orbit technology and linked to TON’s Layer 1 network. DuckChain aims to leverage artificial intelligence (AI) technologies, Ethereum virtual machine (EVM) compatibility and cross-chain interoperability with a unified gas system, and to close integration with Telegram to become a significant bridge between Web 2.0 and web3 environments.
Key Takeaways:
DuckChain (DUCK) is a Layer 2 blockchain whose close integration with Telegram provides avenues for the seamless use of various assets — TON coin, Bitcoin (BTC), EVM-compatible tokens and Telegram Stars social tokens — within the platform's decentralized apps.
The chain's native token, DUCK, is used for governance, AI-driven governance assistance, staking, gas fee payments, liquidity provision within decentralized protocols and the facilitation of cross-chain asset transfers.
You can buy DUCK on Bybit as a USDT Perpetual contract.