Shiba Inu, a digital asset ecosystem built on the Ethereum blockchain, has received a $12 million investment from several international strategic partners in the venture capital industry. These partners, 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, have purchased the unreleased $TREAT utility and governance token, the final non-stable token of Shiba Inu.
The $TREAT token will grant users access to Shiba Inu’s newly unveiled blockchain, which incorporates Fully Homomorphic Encryption (FHE) technology provided by partner Zama.ai. This encryption chain aims to address various cryptocurrency-related concerns, including privacy and trust, for the billions of people interested in cryptocurrency and the large community of Shiba Inu supporters.
Shytoshi Kusama, the lead developer of Shiba Inu, expressed that the funds raised will be used by Shiba Inu through its Panamanian organization, Shiba Inu Mint S.A., to develop its own blockchain with FHE. This will ensure that Shibarium, Shiba Inu’s blockchain, becomes a global leader in memes and enhances security and regulatory compliance. Shiba Inu has also formed partnerships with D3 to acquire a .shib top-level domain, collaborated with charitable organizations like the Manny Pacquiao Foundation, and joined the CDSA (Content Delivery & Security Association), a global association of security executives in the media and entertainment industry. These efforts demonstrate Shiba Inu’s commitment to continuously improving its technology and making it more accessible and adaptable.
