Shiba Inu Raises $12M for its New Blockchain

Shiba Inu, a memecoin built on Ethereum, has raised $12 million from investors for its upcoming #blockchain project. The funding, secured via the sale of the #TREAT token, will power a Layer 3 blockchain built atop Shibarium. Utilizing fully homomorphic encryption, the new blockchain prioritizes privacy and compliance. #Testnet is slated for Q3, with #mainnet following rigorous testing.

Investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Labs, Stake Capital and Comma 3 Ventures.

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