The Shiba Inu ecosystem, based on Ethereum and represented by the second-largest dog token SHIB, raised $12 million in a token sale round to build its privacy-focused blockchain network. Investors include: Comma 3 Ventures, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures and others. The transaction was completed by Shiba Inu Mint S.A., a company registered in Panama.