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 a new privacy-focused layer-3 blockchain being developed on the Ethereum Layer 2 blockchain, Shibarium. Previously, in April 2024, the Shiba Inu team raised $12 million to develop the privacy-focused layer-3 blockchain. The funds were secured by selling yet-to-be-issued TREAT tokens to non-US venture capital investors.

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