According to Foresight News, Shiba Inu has announced plans to launch its ecosystem token, TREAT, in January 2025. The TREAT token will serve as a utility and governance token for its new privacy-focused Layer 3 blockchain, which is being developed on the Ethereum Layer 2 blockchain, Shibarium.
Previously, in April 2024, the Shiba Inu team raised $12 million for the development of this privacy-centric Layer 3 blockchain. The funds were secured through the sale of the yet-to-be-issued TREAT tokens to non-U.S. venture capital investors.
