Web3 Startup Anode Labs Closed $4.2 Million Funding Round
Anode Labs is the team behind React Network, a platform built to create a layer of flexibility that blankets power grids, providing the necessary support to enable further decarbonization of the greater electric network.
React Network will allow participants to connect their home batteries to the company’s Web3 network to be rewarded for the relative contribution of their specific assets.
Co-CEO of Anode Labs, Dallas Griffin, stated:
“We’re incredibly honored to have these successful firms onboard and believe in our team’s vision to modernize a widely antiquated energy grid.”
The funds raised will be used to develop the world’s first community-owned decentralized Web3 platform that provides cash and tokenized rewards for small businesses and individuals to connect their energy storage assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
One project that has investors talking right now is Qubetics ($TICS), which is currently in…
ETH 3.0 rumors spark excitement as the Ethereum price targets $10k, boosting confidence for altcoins…
In this landscape, Qubetics ($TICS) has turned heads by raising $2 million in its Presale…
Ramat Gan, Israel, 14th November 2024, Chainwire
Amidst the heavyweights like Binance (BNB) and resilient competitors like Cardano (ADA), Qubetics ($TICS) is…
Senator Lummis’s Federal Reserve Bitcoin Proposal urges the Fed to sell some gold reserves and…
This website uses cookies.
