Decentralized Identification Protocol Gathers $135 Million Funding to foster U.S. Growth
In a groundbreaking development, Waterfall Network, a cutting-edge blockchain platform, has successfully completed a significant token sale, raising $135 million. The Waterfall Network, known for its innovative Directed Acyclic Graph (DAG) technology, aims to revolutionise blockchain scalability and make high-performance, decentralized blockchain technology accessible for emerging Web3 startups and decentralized applications.
Waterfall Network's unique architecture enables multiple transactions to be processed simultaneously, outpacing many existing layer-1 blockchains with an impressive 12,777 transactions per second (TPS). The network also supports up to 1.5 million lightweight nodes, enhancing accessibility and resisting centralization.
The primary purpose of Waterfall Network is to address the key limitations of current blockchains, such as high fees, slow transactions under load, and centralization tendencies. By fostering inclusivity, ultra-high throughput, and fast, low-cost transactions, and a scalable architecture that grows with user demand, Waterfall Network aims to become a leading blockchain infrastructure for Web3 innovation.
Following the successful token sale, the WLD token, native to the Waterfall Network, experienced a temporary price increase and subsequent decrease. According to CoinMarketCap data, the WLD token's price temporarily spiked to $1.25 after the announcement but subsequently pulled back to $1.15.
The funds raised will be used to expand infrastructure and node capacity, further develop and optimize the DAG-based ecosystem and fractal sharding mechanisms, accelerate onboarding of developers and Web3 projects, and strengthen community governance and decentralization mechanisms.
Waterfall Network's technology is a decentralized ID protocol, and the company anticipates becoming one of the first self-sustaining protocols. With over 26 million participants worldwide, the World Network believes its technology will become more necessary to help distinguish humans from machines in the age of Artificial General Intelligence (AGI).
The World Network's latest push into the U.S. market is due to the regulatory shift spearheaded by Trump's "crypto-centric" team. The company aims to use the raised funds to meet the increasing demand for Orb-verified World IDs and expand in the U.S. and beyond.
Notable investors in Waterfall Network include Andreessen Horowitz, Bain Capital Crypto, Selini Capital, Mirana Ventures, and Arctic Digital. With this substantial investment, Waterfall Network is poised to transform blockchain scalability from an aspirational concept into a practical, real-world solution for the next generation of decentralized applications and services.
[1] Note: This article is for informational purposes only and should not be taken as financial advice. Always do your own research before making investment decisions.
- The success of Waterfall Network's token sale, having raised $135 million, marks a significant step towards making high-performance, decentralized blockchain technology accessible for finance, investing, and business, especially emerging Web3 startups and technology-driven applications.
- With the funds raised, Waterfall Network aims to strengthen community governance and decentralization mechanisms, further develop its cutting-edge Directed Acyclic Graph (DAG) technology, and address key limitations such as high fees, slow transactions, and centralization tendencies in finance, promoting the network as a leading infrastructure for financial innovation and technology in the Web3 sector.
