*🚨Shiba Inu's Groundbreaking Layer 3 Network.$SHIB $ETH

- *Layer 3 Blockchain*: Shiba Inu has unveiled a groundbreaking layer 3 blockchain network, which is a privacy-centric blockchain built on top of Shibarium, a layer 2 solution for Ethereum .

- *Funding*: The project was made possible through a $12 million funding round, which was raised by selling the TREAT token to venture investors .

- *Key Features*: The new blockchain technology focuses on privacy and is built on Shibarium, a layer 2 solution for Ethereum . It will incorporate fully homomorphic encryption to enhance privacy .

- *Launch*: A beta version of the Layer 3 network will be launched in Q3 2024 and will comply with regulatory requirements while ensuring community security and privacy .

- *TREAT Token*: The TREAT token plays a crucial role within the Shiba Inu ecosystem, functioning as both a utility and a governance token.

- *SHI Token*: The project plans to introduce a second token called SHI later in 2024, in addition to TREAT, which is a non-stable token.