Shiba Inu Secures $12 Million for Layer-3 Privacy Blockchain

IconCrypto News Terminal22 Apr, 2024

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Shiba Inu Secures $12 Million for Layer-3 Privacy Blockchain

Shiba Inu (SHIB), the popular meme coin, has recently announced raising $12 million to develop a privacy-focused Layer-3 blockchain. The funding will help fuel the development of TREAT, a new token that will power the blockchain. Venture capital firms including Polygon Ventures, Mechanism Capital, and Animoca Brands participated in the funding round. The Layer-3 blockchain is expected to provide an additional layer of privacy and security to the Shiba Inu ecosystem. Previously on 19 April 2024, Shiba Inu announced the funding of $12 million to develop a privacy-focused Layer-3 blockchain.