Shiba Inu recently raised $12 million through the sale of TREAT tokens for their privacy-focused Layer 3 blockchain development, backed by notable investors like Polygon Ventures. The fundraising included pre-seed and seed rounds, with valuations ranging from $75 million to $200 million. TREAT will serve as both a utility and governance token on their new blockchain, built on Shibarium, Ethereum's Layer 2 blockchain. Additionally, Shiba Inu plans to introduce a new token called Shi, expanding its token offerings alongside SHIB, BONE, and LEASH.
Investors are advised to consider the rise of Shiba Inu as inevitable and purchase wisely. Holding onto SHIB could lead to favorable outcomes, as the project advances with promising developments like the TREAT token and its privacy-focused Layer 3 blockchain. $$$$SHIB