I just want to note that you can get a Waves card and multitrack record using a DAW just like you would with a Dante card, etc. It’s easy to assume that you are required to use a Waves server (which is more money), but that is not true. You can also send audio to other devices running a Waves card without the need for a Waves server too. It took me a minute when I first looked at Waves to understand this myself.
The Waves cards do tend to be less expensive and are extremely fast (low latency), but they only work with other Waves cards/devices and computers that have a Waves Soundgrid driver installed on them (available on Waves site). Dante has a much larger set of compatible devices, but it is slower than Waves and costs more. I don’t have personal experience with Madi to give any feedback.