Shytoshi Kusama Secures $12M for Shiba Inu’s New Layer-3 Blockchain

Kusama Shaitoshi announced a $12 million funding round for Shiba Inu’s upcoming privacy-centric Layer 3 blockchain at the Token2049 event, sparking interest and investment in the expanding Shiba Inu ecosystem.

Shiba Inu raises $12 million to launch privacy-focused layer 3 blockchain

Shiba Inu team has made significant progress towards use cases and utilities, raising $12 million through TREAT utility and governance tokens to build new layer 3 blockchain and other projects focused on privacy . A recent report from The Shib Daily revealed huge trades made by Shatoshi Kusama during the Token2049 event.

According to Shiba Magazine (via) coin gape), the Shiba Inu team has closed a $12 million investment round that includes some of the largest cryptocurrency donors and venture capital organizations. In this funding round, the team sold TREAT tokens, a utility and governance token, from Panama-based Shiba Inu Mint SA to a non-US venture capital firm.

These include Animoca Brands, Mechanism Capital, Cypher Capital, Shima Capital, Big Brain Holdings, Hercules Ventures, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal Capital, and Spirit Dao. Masu.

Shiba Kusama said the cash will primarily be used to create Shiba’s new privacy-based layer 3 blockchain. Zama City And we will ensure that the Shibarium blockchain remains a priority while strengthening our security measures and regulatory compliance. He also announced that TREAT will be entering the crypto industry this year. The Shib ecosystem will also introduce a new token called Shi Stablecoin later this year.

Shaitoshi Kusama promises new code development, excites Shiba Inu community

Shiba Inu’s lead developer Shatoshi Kusama published a message announcing the completion of the deal on the official Telegram group on Saturday, exciting the Shiba army.

“Guys, I need your help. I’m sitting with someone very important to me. Why don’t I give you a warm ooh? And welcome? Thank you in advance!” Kusama said.

Shiba Inu, a well-known meme coin that has evolved into a larger ecosystem including decentralized finance (DeFi) applications and specialized blockchains, is gradually penetrating the mainstream financial sector.

SHIB price increased The stock rose 1% after the announcement and is currently trading at $0.00002705. The current 24-hour low and high prices are $0.00002551 and $0.00002761, respectively. However, trading activity has declined by 27% in the past 24 hours, indicating a decline in interest among traders.

photograph: Microsoft Bing

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