Shiba Inu Raises $12 Million for TREAT Token Sale, Fueling New Blockchain

The Shiba Inu team has secured $12 million via the TREAT token sale to non-U.S. investors, including prominent names like Polygon Ventures and Mechanism Capital. This significant funding will be instrumental in developing Shiba Inu's innovative new privacy-focused Layer 3 blockchain.

TREAT Token: The Key to Shiba Inu's Blockchain Future

The team behind Shiba Inu (SHIB) has successfully raised $12 million through the sale of its not-yet-released token, TREAT. This utility and governance token will play a vital role in the new ecosystem. The Shiba Inu has raised $12 million via the TREAT token to develop its new privacy-focused Layer 3 blockchain.

Non-U.S. Investors Drive Funding for TREAT Token

The Shiba Inu team reportedly raised $12 million to develop a new layer-3 blockchain. The team secured this fund through the sale of its upcoming token, TREAT, to non-U.S. investors. Lead developer, Kusama, clarifies the investor base amid speculation, confirming the participation of entities like Polygon Ventures.

Polygon Ventures and Mechanism Capital Among Investors

Investors in the TREAT token sale include Polygon Ventures and Mechanism Capital, signifying strong confidence in the Shiba Inu team's vision and the potential of their new Layer 3 blockchain.

This $12 million raise marks a significant milestone for Shiba Inu, paving the way for advancements in blockchain technology and enhanced privacy features. The TREAT token is poised to be a key asset within this evolving ecosystem.