Shiba's investors
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 said Monday.
Shiba's blockchain
There will be a new utility token in their blockchain - "TREAT" .The TREAT token, according to Shiba Inu, serves as the "utility and governance token" of its new privacy-focused Layer 3 blockchain, which is being built on Shibarium, its Ethereum Layer 2 blockchain.
TREAT will be the final non-stable token from the Shiba Inu ecosystem, said Kusama, adding that the ecosystem will introduce a new token called "Shi" later this year. The ecosystem's existing tokens include the popular SHIB memecoin, BONE, Shibarium's governance token, and LEASH, a fixed-supply token held by Shiba Inu's loyal users that provides them with benefits and perks, such as BONE rewards.
Well played....
Shiba Inu is developing its new Layer 3 blockchain using fully homomorphic encryption technology from cryptography company Zama, which recently raised $73 million in funding. FHE is regarded as the "holy grail" of cryptography, enabling end-to-end data encryption, even during processing. "This new encryption chain aims to address multiple issues in crypto, including privacy and trust for Shiba Inu's extensive community of tens of millions and the next billion crypto-curious individuals," said Shiba Inu.
The new blockchain is slated to release a testnet in the third quarter of this year and the mainnet "after thorough testing," Shiba inu sais.
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