CasperLabs raises $14.5 million in first investment round
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Answer CasperLabs raises $14.5 million in first investment round
CasperLabs has raised $14.5 million in a Series A funding round.
CasperLabs is a startup that aims to build an open source blockchain platform that aims to achieve scalability without compromising decentralization.
The funding round was led by Teren Perez, who holds the nickname “Zelig of Wall Street” through his company Acuitas Group Holdings, to participate in the fundraising campaign by Arrington XRP Capital, Consensus Capital, Axiom Holdings Digital Strategies MW Partners, Blockchange Ventures, Hashkey Capital and Distributed Global .
indicated CasperLabs said in a statement yesterday that the group’s new funds will be used to develop products and bring in more engineers.
Last February, CasperLabs, in cooperation with one of the developers of Ethereum “Vlad Zamir”, embarked on building a new blockchain based on the PoS protocol and mechanism, solving the famous triple problem in blockchain technology, which is to focus on two things and miss the third and cannot be combined together (size, decentralization, Security).
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Mr. Mrinal Manohar, founder and CEO of CasperLabs, said that he and his team are working on several interesting updates in the coming months.
Terryn Perez, the lead investor in the CasperLabs financing process, stated the following:
“I have been following and studying the crypto and blockchain space since its early days, and have been waiting for a company that can build strength and enhance decentralization while ensuring speed, security, and scalability.”
Product scalability is the main driver of value creation within blockchain technology.
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The companies that can develop scalability become the leaders in the industry.
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