TechFlow News, October 22 — CasperLabs' founding investment firm and global growth partner "Timber Capital" announced that the Silicon Valley star project CasperLabs has completed a $14 million private placement with major investors from North America, Asia, and Europe.
CasperLabs is a public blockchain based on the Proof-of-Stake (PoS) consensus mechanism, effectively balancing network security, decentralization, and scalability. In collaboration with Timber Capital, CasperLabs aims to expand its global investor base and build communities in the United States, China, India, and South Korea, with plans to launch its mainnet and conduct a public token sale in the first quarter of 2021. Dr. Mo Ou-Yang, Chairman of Timber Capital, stated, "CasperLabs allows DeFi and enterprises to experience Ethereum 3.0 today—without waiting three to five years."
