🚀🚀🚀 Critical move from Shiba Inu (SHIB): Is the real rise starting?

#ShibaInu (#SHIB ), one of the leading names of memecoins with dogs, has raised $ 12 million to develop a new privacy-oriented Layer-3 blockchain.

The team behind the popular memecoin of the same name has raised $ 12 million by selling TREAT, its token that has not yet been released to the market, to venture capital investors outside the United States. Monday's announcement by Shiba Inu (SHIB) Decrees that the investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures.

Shiba Inu (SHIB) has reminded itself with these developments!

Shytoshi Kusama, known as the chief developer of Shiba Inu, said that the project started going up for the round a few months ago and completed it at the beginning of this month. Kusama declined to comment on the valuation, but a source with direct knowledge of the matter said that this process is a round, and each tranche takes place at valuations of $ 75 million, $ 100 million and $ 200 million, respectively.

According to Shiba Inu, #TREAT serves as the utility and management token of the new privacy-oriented Layer-3 blockchain built on the Ethereum Layer-2 blockchain Shibarium. Kusama said that TREAT will be the last unstable token of the Shiba Inu ecosystem. He also added that the ecosystem will release a new token called Shi later this year.

#Memecoins #binance