Highly entangled quantum networks – cluster states – lie at the heart of recent approaches to quantum computing \cite{Nielsen2006,Lloyd2012}. Yet, the current approach for constructing optical quantum networks does so one node at a time \cite{Furusawa2008,Furusawa2009,Peng2012}, which lacks scalability. Here we demonstrate the \emph{single-step} fabrication of a multimode quantum network from the parametric downconversion of femtosecond frequency combs. Ultrafast pulse shaping \cite{weiner2000} is employed to characterize the comb's spectral entanglement \cite{vanLoock2003}. Each of the 511 possible bipartitions among ten spectral regions is shown to be entangled; furthermore, an eigenmode decomposition reveals that eight independent quantum channels \cite{Braunstein2005} (qumodes) are subsumed within the comb. This multicolor entanglement imports the classical concept of wavelength-division multiplexing (WDM) to the quantum domain by playing upon frequency entanglement as a means to elevate quantum channel capacity. The quantum frequency comb is easily addressable, robust with respect to decoherence, and scalable, which renders it a unique tool for quantum information.