Shiba Inu has raised $12 million through the sale of its new TREAT token. This fundraising endeavor will help to establish a privacy-focused Layer 3 blockchain. Notable investors include Polygon Ventures and Mechanism Capital, as well as other important venture capital firms including Big Brain Holdings and Shima Capital.
The funds raised will be used to create Shiba Inu’s latest project on Shibarium, the Ethereum-based Layer 2 platform. The TREAT token represents a key step toward expanding the Shiba Inu ecosystem. Furthermore, the team intends to launch another coin, Shi, later this year, increasing the ecosystem’s robustness.
The future blockchain uses Zama’s fully homomorphic encryption (FHE) technology, a cryptocurrencygraphic innovation that allows data to remain encrypted even while being processed. This solution improves user privacy and security while solving fundamental concerns in the bitcoin realm.
Shiba Inu’s strategic strategy to combining new technology with stringent compliance standards distinguishes it in the cryptocurrencycurrency market, positioning it to meet the demands of the next billion users who are intrigued about cryptocurrencycurrency.
Furthermore, despite problems like as potential scams with unconfirmed tokens, the team takes strict precautions to protect investors and the community. The Shiba Inu Mint S.A., situated in Panama, will mint the official TREAT tokens to ensure their validity and security.
