Shiba Inu coin raises $12M for new blockchain project ๐Ÿš€๐Ÿ’ฐ

Shiba Inu coin raises $12M for new blockchain project ๐Ÿš€๐Ÿ’ฐ


Discover the Future: Shiba Inuโ€™s New Blockchain Initiative

Learn about Shiba Inuโ€™s groundbreaking project to create a new blockchain that focuses on enhancing privacy and expanding crypto accessibility.

Shiba Inu Meme Coin Raises $12 Million for New Blockchain

Explore how the Shiba Inu project successfully raised $12 million to develop its innovative Layer 3 blockchain.

  • The fundraising involved selling a new token, TREAT, to non-US venture capital investors.
  • Key investors included Polygon Ventures, Mechanism Capital, and Animoca Brands.
  • Polygon Venturesโ€™ involvement could indicate deeper implications for the cryptocurrency space.
  • The funding round concluded in April, setting the stage for future development.

Introducing the TREAT Token

Understand the role of the new TREAT token as a utility and governance token for Shiba Inuโ€™s privacy-focused Layer 3 blockchain.

  • Exercise caution as the TREAT token is not yet available on trading platforms.
  • Clarify the distinction between different tokens named TREAT in the crypto market.
  • Stay informed to avoid confusion and potential investment risks.

Unveiling the New Blockchain

Delve into the details of Shiba Inuโ€™s upcoming blockchain project, designed to enhance privacy and facilitate mass adoption of cryptocurrencies.

  • Explore the use of fully homomorphic encryption technology from Zama for secure data processing.
  • Consider the ambitious goal of onboarding a billion new users to crypto markets.
  • Monitor the progress of the new blockchainโ€™s testnet expected to launch in the third quarter.

Hot Take: Shiba Inuโ€™s Path to Blockchain Transformation ๐Ÿš€

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Get ready to witness a new chapter in the crypto world as Shiba Inu paves the way for privacy-focused and inclusive blockchain technology.

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