Shiba Inu Raises $12M Investment for New Blockchain and $TREAT Token
Shiba Inu Raises $12M Investment for New Blockchain and $TREAT Token
Key Takeaways (TLDR)
Shiba Inu raises $12 million from non-U.S. strategic partners for the new $TREAT token, gaining advantage through strategic partnerships and funding.
The $TREAT token will unlock Shiba Inu's new blockchain featuring Fully Homomorphic Encryption (FHE) to address privacy and trust in crypto.
Shiba Inu's new encryption chain aims to solve problems in crypto, including privacy and trust, for the large community and the next billion crypto-curious individuals.
Shiba Inu's Lead Developer, Shytoshi Kusama, expresses excitement and gratitude for the support of powerful VCs, angel investors, and brands in their grand decentralized experiment.
Why it Matters
The investment in Shiba Inu will lead to the development of a new blockchain with cutting-edge encryption technology, providing improved privacy and trust for the crypto community. This will have a significant impact on the future of decentralized finance and digital asset management, offering new opportunities for the Shiba Inu community and beyond.
Summary
Shiba Inu, an interconnected ecosystem of digital assets and solutions built on the Ethereum blockchain, has raised a $12 million investment from non-U.S. strategic partners in venture capital. The investment is in the not-yet-released $TREAT utility and governance token, which will unlock Shiba Inu's newly announced blockchain featuring Fully Homomorphic Encryption (FHE) in partnership with Zama.ai. The funds will be used to build the new blockchain, ensure Shibarium becomes the meme center of the world, and expand security and regulatory compliance.
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