Shiba Inu, a provider of an interconnected ecosystem of digital assets and solutions built on the Ethereum blockchain, raised $12M in a venture capital funding.
Backers included Comma 3 Ventures, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal Capital, Mechanism Capital, DWF Ventures and Spirit Dao. This group of investors has invested in the Shiba Inu Ecosystem through a $12m purchase of the not-yet-released $TREAT utility and governance token, Shiba Inu’s final non-stable token.
The company intends to use the funds to build its new blockchain with FHE, and expand security and regulatory compliance.
Shiba Inu offers an ecosystem of decentralized cryptocurrencies that has gained popularity worldwide. Its ecosystem of tokens includes $SHIB, $LEASH, and $BONE, plus native SHIBOSHIS and SHEboshi NFTs. SHIB.io utilizes its Ecosystem to empower quality technologies, including SHIB:The Metaverse and Shibarium, the Layer 2 blockchain providing a solid foundation, scalability, security, and innovation for a decentralized world.
$TREAT is the final unreleased token that will unlock Shiba Inu’s newly announced blockchain featuring Fully Homomorphic Encryption (FHE). The new chain utilizes the FHE technology of their partner Zama.ai. This new encryption chain aims to solve multiple problems in crypto, including privacy and trust for Shiba Inu’s large community of tens of millions, and the next billion, crypto-curious individuals.
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