According to ChainCatcher news, the decentralized smart contract platform Waterfall Network announced the completion of a $2 million Pre-A round of financing, led by ByteTrade Lab. The company intends to use the new funding to promote its mainnet launch in the first quarter of 2024.

Waterfall Network is currently building an EVM-compatible decentralized smart contract network that allows any device, including low-cost laptops and mobile phones, to run validator nodes, while also providing users with more access and complete control over their data, driving implementation True on-chain decentralized governance.