Shiba Inu Secures $12 Million Investment for New Privacy-Focused Blockchain

The investment will fund the development of a 'layer three' blockchain using advanced encryption technology.

Shiba Inu raised $12 million through a token sale of its new TREAT token, aimed at enhancing its blockchain's privacy and governance.
Investors include notable firms like Animoca Brands, Polygon Ventures, and DWF Ventures, among others.
The new blockchain will utilize Fully Homomorphic Encryption to improve transaction privacy without decryption.
TREAT, the utility and governance token, is set to be the final non-stable token in the Shiba Inu ecosystem.
Fake versions of the TREAT token have emerged, but the official token will be minted by The Shiba Inu Mint S.A.