The Shiba Inu project team has just closed a whopping $12 million investment round. That’s right, we’re talking millions of dollars pouring in to fuel our innovative project.
They are breaking new ground by harnessing Zama’s revolutionary homomorphic encryption technology to build a cutting-edge layer 3 network. They’ve secured a whopping $73 million in funding to make it happen.
The third quarter of 2024, when a test version of this groundbreaking network will be unleashed. And not only will it comply with regulatory requirements, but it will also prioritize the security and privacy of our community.
Revolutionizing the world of cryptocurrency, the TREAT token was launched through a successful sale to venture investors. This cutting-edge blockchain is centered on privacy and is powered by the innovative Shibarium layer 2 solution for Ethereum.
The mastermind behind this groundbreaking project, Shiba Inu’s lead developer, Shytoshi Kusama, remains tight-lipped about the full list of investors, but did reveal that they hail from all corners of the globe, with not a single one from the United States.
“Shiba Inu started with the vision of our founder, Ryoshi, and we’ve been so grateful to the community. Together, we have changed the face of crypto as we’ve worked towards that vision. We’ve crushed expectations by creating a full-fledged ecosystem with a core technology stack that no one else has, alongside community, games, AI, metaverse, DeFi, self-sovereign identity, and encryption.”
Shytoshi Kusama, Shiba Inu’s Lead Developer
Kusama revealed that the team embarked on a fundraising journey months ago, culminating in a triumphant completion in early April. The impressive funding rounds, consisting of both pre- and seed investments, have paved the way for TREAT to be the final token in their innovative ecosystem.
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Among their esteemed backers are industry leaders such as Polygon Ventures, Mechanism Capital, and Animoca Brands, along with a star-studded lineup of investors including Big Brain Holdings, Shima Capital, and Morningstar Ventures.
With support from powerhouses like Woodstock Fund, DWF Labs, Stake Capital, and Comma 3 Ventures, Shiba Inu is poised for greatness in the ever-evolving world of cryptocurrency.
In the summer of 2023, the Shiba Inu team set the crypto world ablaze with their revolutionary Shibarium mainnet. This groundbreaking layer 2 solution promised to solve the long-standing issue of scaling Ethereum, and the excitement was palpable.
Just one week after its launch, the platform had already attracted over 100,000 active blockchain users, and by September, that number had skyrocketed to a staggering one million. The Shiba Inu team had truly unleashed a game-changing force in the world of cryptocurrency.