Anode Labs Inc, a developer of React, a decentralized energy storage asset network, announced the closing of a $4.2 million funding round led by Lerer Hippeau and Lattice, with participation from Vayner Fund, CoinShares and Digital Currency Group. Anode Labs' React network uses decentralized Web3 technology to conserve energy and improve grid usage efficiency and subsequently address climate issues. Its energy storage asset platform allows participants to connect their home batteries to the Web3 energy storage network, with cash and Token incentives available to businesses and individuals who access it.