Key crypto venture investors spend $12 million in Shiba Inu’s blockchain initiative. This investment strengthens the Shiba Inu crypto ecosystem, which includes the SHIB token, by developing its layer 3 blockchain.
Polygon Ventures, Mechanism Capital, and Animoca Brands contributed to a TREAT token pre-sale. These investments show faith in the project’s crypto innovation potential.
Fully Homomorphic Encryption will enable computations on encrypted data making the forthcoming blockchain secure and private.
It plans to build a testnet in late 2024 and a mainnet after comprehensive testing to prove its reliability and effectiveness.
Possibly worth $200 million, the project’s fundraising phases demonstrate its expanding market importance and Shiba Inu’s expansion. This blockchain endeavor boosts its digital currency market skills and position.
