Casper Labs, the firm behind the development of the Casper Network, was co-founded by Mrinal Manohar and Medha Parlikar, who serve as the company's CEO and CTO, respectively. The mainnet launch of the blockchain occurred in March 2021, making it the first live PoS network built using the Casper CBC (Correct-By-Construction) specification.

Before the mainnet launch, Casper Network partnered with DAO-builder Metis to foster the development of projects in its ecosystem. It also partnered with China's Blockchain-based Service Network (BSN) to encourage more developers to build and deploy their solutions on the blockchain.

The first Casper-native dApp CasperSign went live in May 2021. In August 2021, Casper Labs joined the AWS Marketplace, letting developers deploy Casper nodes using Amazon Web Services and access AWS-based developer tools.

In June 2021, CasperLabs joined IBM's Global Partner Program, further cementing its potential for mainstream adoption. The partnership would allow IBM collaborators access to the Casper Network, encouraging enterprise adoption of its technology for application development.

In September 2022, Casper Labs became a part of the Hyperledger Foundation to drive higher adoption of blockchain technology among governments and businesses globally. The blockchain became SOC 2 compliant and plans to attain SOC 2, Type 2 compliance in 2023. This would make it the only blockchain organization worldwide to hold such a designation.

The Casper Network token could be an interesting investment to include in your crypto portfolio, especially if you wish to diversify into projects with potential for mainstream adoption. As one of the few blockchain networks designed for enterprise-grade dApp development and deployment, the value of CSPR token could rise as Casper Labs announces more mainstream partnerships.

In addition to increased use of its technology by mainstream businesses and governments, the CSPR price could also head higher as more developers design and deploy their dApps on it, bringing more users to the network and boosting its on-chain activity.

The Casper Network price could also register gains amid positive or bullish sentiment in the crypto market. Such a risk-on mood could encourage higher buying activity among investors, increasing the CSPR value.

While it is impossible to offer an accurate CSPR price prediction over any duration, several factors play a crucial role in determining price trends in the token. These include:

Level of Adoption

Higher adoption of Casper Networks ecosystem by developers and enterprises could increase the on-chain activity on the blockchain and drive up the price of CSPR cryptocurrency. As more projects launch on the network, investors will feel more buoyant about the Casper Network, supporting its token price.

Future Developments and Partnerships

Investor confidence in the CSPR token climbs higher when Casper Labs announces new upgrades that increase the efficiency of the Casper Network blockchain. Such developments could raise its appeal among developers and enterprises, bringing in more activity. In addition, the announcement of new partnerships and investments into the project can also boost the CSPR price statistics in the market.

Market Outlook

In addition to positive sentiment towards cryptocurrencies, the Casper Network price could also enjoy support from a favorable outlook towards blockchain technology among mainstream organizations, including enterprises and governments. Such developments could further raise investor interest and drive up the value of CSPR cryptocurrency.

CSPR is the native crypto asset of Casper Network and has the following use cases:

Native Currency

$CSPR is used to pay network fees within the Casper Network. Developers use CSPR coins to pay transaction fees when interacting with dApps and executing smart contracts.

Staking

As a PoS network, Casper Network requires validators to stake CSPR on the blockchain, verify transactions, and produce new blocks. This is one of the essential functions of the Casper Network token.

Incentive Token

CSPR is also distributed as a reward to stakers for their contribution towards upholding the security of the Casper Network. They can earn rewards in $CSPR proportional to the number of tokens they staked when participating in the network's consensus mechanism.

Crypto Asset to Trade and HODL

Trade Casper Network against other cryptocurrencies to profit from changing market conditions and volatility. You can buy or sell CSPR against other digital assets or hold it long-term if you believe in the future potential of the Casper Network. Check the live price of Casper Network crypto, CSPR market cap, circulating supply, 24-hour trading volume, and the latest crypto news before trading CSPR in the market.

Casper Labs has partnered with several established businesses and projects since its inception, including AWS, IBM, Hyperledger Foundation, and more. In the crypto space, some of the partnerships include Shyft, BSN, PureFi, Dmusic, SJM Group, Metacask, and more.

Investors in Casper Labs and Casper Network include COINS GROUP, Evangelion Capital, High Naut Capital, NewTribe Capital, Megala Ventures, CryptoViet Ventures, and more.

Staking CSPR is a great way to earn passive income while helping improve the Casper Networks security and resilience. Here's how to start CSPR on Casper Network:

1. Create an account on CasperLabs Signer, which will serve as your CSPR wallet. Fund your wallet by buying CSPR on BYDFi or other supported platforms and withdrawing the funds to CasperLabs Signer.

2. After setting up and funding your wallet, connect to the Casper blockchain from the CasperLabs Signer wallet. Click on the DISCONNECTED button to toggle it and activate your connection.

3. You need a minimum of 3 CSPR as fees to delegate your stake to existing validators on the network. Ensure your wallet has adequate CSPR funds for staking.

4. Click Delegate and select Validators to see the available validators and other details.

5. Select the validator you wish to delegate your tokens. Enter the number of CSPR tokens you want to delegate and click Next.

6. Confirm the transaction using your wallet and sign the transaction from the Signer tool.

7. Sit back, earn rewards, and grow your crypto holdings by staking CSPR through delegation.