ZUG, SWITZERLAND / SINGAPORE – The blockchain world constantly evolves, and today, it witnesses another significant leap. Waterfall Network, a prominent Layer 1 decentralized smart contract platform, proudly announced its $2 Million Series Pre-A investment round. Leading this strategic venture is ByteTrade Lab, a forerunner in providing infrastructure for the end user-controlled web.
This Waterfall Network Series Pre-A investment not only serves as a testament to the project’s potential but also symbolizes the strengthening alliance between decentralized networks and their strategic investors.
ByteTrade’s Comprehensive Six-Month Scrutiny
ByteTrade’s backing wasn’t a hasty decision. The firm undertook a detailed six-month due diligence, meticulously assessing Waterfall’s EMV-compatible DApps, the competency of the Waterfall team, and the solidity of its technological groundwork.
Sharing his thoughts, Dr. Lucas Lu, CEO of ByteTrade Lab, articulated, “ByteTrade Lab’s investment in Waterfall Network is not just a strategic move, it’s a bold declaration of our commitment to the decentralized web that we’re building to grant users increased access and full control over their data.”
Innovations in Decentralization
Waterfall Network, in collaboration with BlueWave, is pioneering a transformative approach to blockchain. Emphasizing truly decentralized governance via Waterfall, unique features such as the “one person one vote” consensus mechanism ensure an egalitarian digital realm.
“Smart contracts are the cornerstone of trust and autonomy in the digital age,” Dr. Lu added, emphasizing the significance of this collaboration.
On the prospects of this partnership, Blue Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research, stated, “We look forward to the expertise and resources ByteTrade can offer as an engaged partner that will strengthen and improve on Waterfall’s innovative approach to building a new kind of layer one blockchain.”
Concluding Thoughts
The Waterfall Network Series Pre-A investment is more than just a financial transaction—it’s a merging of visions and expertise, aiming to craft a more transparent and user-centric Web3 environment. As decentralized platforms like Waterfall continue to innovate and grow, the future of the digital world looks promising.
We encourage our readers to delve into the world of Web3, understand its potential, and share their insights in the comments below. Your thoughts and perspectives play a pivotal role in shaping the ongoing dialogue about the decentralized future.
