Shiba Inu Secures $12 Million for Revolutionary Privacy Blockchain

The Shiba Inu team has successfully raised $12 million through a token round to fund the development of a new Layer-3 privacy blockchain. The TREAT token, which will serve as the utility and governance asset for the blockchain, was sold to venture capital investors in pre-seed and seed rounds. The funds will be used to expedite the launch of the blockchain, which is currently under development on Shibarium and utilizes homomorphic encryption technology from Zama.

Shiba Inu Raises $12 Million for Groundbreaking Privacy Blockchain

The Shiba Inu ecosystem has taken a significant step forward with the successful fundraising of $12 million to support the development of its highly anticipated layer-3 (L3) privacy blockchain. This crucial milestone marks a testament to the growing momentum and innovation within the Shiba Inu community.

Investment Round Secures Funding from Renowned Investors

The fundraising round garnered widespread interest from notable venture capital investors outside the United States, including industry giants such as Mechanism Capital, Polygon Ventures, Shima Capital, Big Brain Holdings, Morningstar Ventures, Animoca Brands, DWF Ventures, Woodstock Fund, Comma 3 Ventures, and Stake Capital. This impressive lineup demonstrates the confidence these investors have in the vision and capabilities of the Shiba Inu team.

Shiba Inu Leader Confirms Development

Shiba Inu's enigmatic ecosystem leader, Shytoshi Kusama, confirmed the successful fundraising, encompassing both pre-seed and seed rounds. Kusama revealed that the fundraising process had been underway for several months and was finalized in early April. While specific valuation details remain undisclosed, sources indicate a three-tranche structure with valuations of $75 million, $100 million, and $200 million, respectively.

Privacy-Focused Blockchain on the Horizon

The funds raised will directly support the development of Shiba Inu's upcoming privacy-centric L3 blockchain, a highly anticipated innovation that will be implemented on Shibarium. The blockchain's name remains undisclosed to mitigate potential scam attempts involving fake TREAT tokens.

Leveraging advanced fully homomorphic encryption technology provided by cryptography firm Zama, the new blockchain will provide unparalleled privacy protection for user data management. This collaboration is a testament to Shiba Inu's commitment to enhancing security and data protection within its ecosystem.

TREAT Token: Utility and Governance in the Privacy Blockchain

TheTREAT token will serve as the native utility andgovernance asset forthe upcoming privacy-focused blockchain. This token will empower holders with the ability to participate in governance decisions, contributing to the future direction of the blockchain. Shiba Inu's ecosystem leader has emphasized that TREAT will be the final risk asset introduced in the ecosystem.

Stablecoin Unveiling and Ecosystem Expansion

Alongside the development of the L3 privacy blockchain, Shiba Inu is actively working towards introducing a stablecoin dubbed "SHI" before the end of the year. This stablecoin will provide users with a stable and reliable asset within the Shiba Inu ecosystem.

The existing Shiba Inu ecosystem currently comprises the SHIB, BONE, and Doge Killer (LEASH) tokens, each serving specific purposes within the ecosystem. The addition of a stablecoin and a privacy-focused blockchain further expands the ecosystem's capabilities and caters to the growing needs of the Shiba Inu community.

Commitment to Innovation and Growth

The successful fundraising and the upcoming launch of the L3 privacy blockchain mark a significant milestone in the evolution of the Shiba Inu ecosystem. This innovation demonstrates the team's unwavering commitment to driving growth, innovation, and providing cutting-edge solutions to the blockchain industry. As the Shiba Inu community continues to expand, this latest development positions the ecosystem as a formidable force in the ever-evolving world of blockchain technology.