Fundraising Success
The Shiba Inu team has raised $12 million through the sale of their TREAT token. This funding round was led by Animoca Brands and supported by several other investors.
Fund Allocation
The funds raised will be used to develop the team’s new Layer 3 blockchain and enhance their existing Layer 2 solution, Shibarium. The goal is to make Shibarium the “meme center of the world” while also improving security and compliance.
Layer 3 Blockchain
The team is also developing a Layer 3 blockchain that will use advanced encryption technology to enhance privacy and security. This blockchain will aim to comply with international laws and regulations.
Expansion Plans
The team plans to expand their reach beyond the crypto community and into the mainstream. They believe that only a small fraction of the potential market is aware of Shiba Inu.
TREAT Token
The TREAT token is a utility and governance token that will play a key role in the new Layer 3 blockchain. It is not yet officially released, so the team warns against fake tokens in circulation.
Roadmap
The team plans to launch a testnet for the Layer 3 blockchain in the third quarter of this year, with a mainnet launch following comprehensive testing and auditing.
