According to Foresight News, Shiba Inu announced that it will launch its ecosystem token TREAT in January 2025. The TREAT token is the utility and governance token of its new privacy Layer3 blockchain, which is built on the Ethereum Layer2 blockchain Shibarium.
Foresight News previously reported that in April 2024, the Shiba Inu team raised $12 million by selling unissued TREAT tokens to non-US venture capital investors to develop its new privacy-focused Layer3 blockchain.