A group of international venture capital strategic partners has invested $12 million in Shiba Inu, a digital asset ecosystem built on the Ethereum blockchain that includes the popular cryptocurrency $SHIB. The partners, which include Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Polygon Ventures, Stake Capital, Illuminati Digital Capital, Primal Capital, Comma 3 Ventures, DWF Ventures, and Spirit Dao, have purchased the unreleased $TREAT utility and governance token, the final non-stable token of Shiba Inu.
The $TREAT token will grant users access to Shiba Inu’s newly revealed blockchain, which incorporates Fully Homomorphic Encryption (FHE) technology provided by Zama.ai, a partner of Shiba Inu. This encryption chain aims to address various crypto-related issues, including privacy and trust, for the billions of individuals interested in cryptocurrency and the tens of millions within the Shiba Inu community.
Shytoshi Kusama, the Lead Developer of Shiba Inu, expressed that the funds raised by Shiba Inu through The Shiba Inu Mint S.A., a Panamanian organization, will be used to develop their own blockchain with FHE. This development will ensure that Shibarium becomes a global leader in memes, while enhancing security and regulatory compliance. Shiba Inu has also formed partnerships with entities like D3 to acquire a .shib top-level domain, collaborated with charitable organizations such as the Manny Pacquiao Foundation, and joined associations like CDSA (Content Delivery & Security Association), a global network of security executives in the Media & Entertainment industry. These initiatives demonstrate Shiba Inu’s commitment to advancing its technology and making it more accessible and adaptable than ever before.