Web3 startup Anode Labs closed a $4.2 million funding round led by Lerer Hippeau and Lattice, with participation from VaynerFund, CoinShares, Digital Currency Group, and others.

Anode Labs is the team behind React Network, a platform built to create a layer of flexibility that blankets power grids, providing the necessary support to enable further decarbonization of the greater electric network.

React Network will allow participants to connect their home batteries to the company’s Web3 network to be rewarded for the relative contribution of their specific assets.

Co-CEO of Anode Labs, Dallas Griffin, stated:

“We’re incredibly honored to have these successful firms onboard and believe in our team’s vision to modernize a widely antiquated energy grid.”

The funds raised will be used to develop the world’s first community-owned decentralized Web3 platform that provides cash and tokenized rewards for small businesses and individuals to connect their energy storage assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Anode Labs

CoinShares

Dallas Griffin

React Network

Web3

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Web3 Startup Anode Labs Closed $4.2 Million Funding Round

Web3 startup Anode Labs closed a $4.2 million funding round led by Lerer Hippeau and Lattice, with participation from VaynerFund, CoinShares, Digital Currency Group, and others.

Anode Labs is the team behind React Network, a platform built to create a layer of flexibility that blankets power grids, providing the necessary support to enable further decarbonization of the greater electric network.

React Network will allow participants to connect their home batteries to the company’s Web3 network to be rewarded for the relative contribution of their specific assets.

Co-CEO of Anode Labs, Dallas Griffin, stated:

“We’re incredibly honored to have these successful firms onboard and believe in our team’s vision to modernize a widely antiquated energy grid.”

The funds raised will be used to develop the world’s first community-owned decentralized Web3 platform that provides cash and tokenized rewards for small businesses and individuals to connect their energy storage assets.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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