DUBAI [Token 2049] – APRIL 22nd, 2024 — Shiba Inu, an interconnected ecosystem of digital assets and solutions built on the Ethereum blockchain that includes popular global cryptocurrency $SHIB, today announced it has raised a $12 million round from a number of non-U.S. strategic partners in venture capital, including Mechanism Capital, 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, Comma 3 Ventures, DWF Ventures and Spirit Dao. This group of investors has invested in the Shiba Inu Ecosystem through a $12 million purchase of the not-yet-released $TREAT utility and governance token, Shiba Inu’s final non-stable token.
$TREAT is the final unreleased token by the popular meme brand 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.
“Shiba Inu started from the vision of our founder Ryoshi and we’ve been so thankful 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,” said Shiba Inu’s Lead Developer known as Shytoshi Kusama. “We are excited to gain the support of such powerful VCs, angel investors, and brands as we plow towards the completion of this grand decentralized experiment. Through the involvement of these venture capital firms and their strategic partners, we are expanding not only our network of trusted partners, but also exponentially increasing what Shiba Inu can truly be capable of for our community, The ShibArmy.”
The funding, through The Shiba Inu Mint S.A. (a Panama corporation), will be used by Shiba Inu to build its new blockchain with FHE, ensure Shibarium becomes the meme center of the world, and expand security and regulatory compliance. Shiba Inu continues to enhance its stack while increasing the usability and portability of its technology in more places than ever, including partnerships like D3 to gain a .shib top-level domain, philanthropic partnerships with organizations like the Manny Pacquiao Foundation, and memberships within organizations like CDSA (Content Delivery & Security Association), the international association of security executives across Media & Entertainment.
About Shiba Inu
Shiba Inu, a world-leading ecosystem of decentralized cryptocurrencies has gained popularity among millions of holders worldwide. It has 3.8 million X followers and is frequently ranked as the second-most searched crypto project by Google. Its ecosystem of tokens includes $SHIB, $LEASH, and $BONE, plus native SHIBOSHIS and SHEboshi NFTs. SHIB.io utilizes the Shiba Inu Ecosystem to power quality technologies, including SHIB:The Metaverse and Shibarium, the Layer 2 blockchain providing a solid foundation, scalability, security, and innovation for a decentralized world. To learn more about $SHIB, please visit the official website: https://shibatoken.com.
To learn more about or join Shiba Inu visit: https://www.shib.io. Follow the official $TREAT token on X: https://www.x.com/treatsforshib.