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Shiba Inu Secures $12M in Funding for Blockchain Development and Ecosystem Expansion
The post Shiba Inu Secures $12M in Funding for Blockchain Development and Ecosystem Expansion appeared on BitcoinEthereumNews.com. Coinspeaker Shiba Inu Secures $12M in Funding for Blockchain Development and Ecosystem Expansion Shiba Inu (SHIB), the second-most popular meme coin in the crypto industry after Dogecoin (DOGE), has secured $12 million in funding from venture capital firms outside the United States to fuel its ecosystem expansion. The funds were raised through the sale of TREAT, a yet-to-be-released digital asset designed to serve as the governance token of the newly unveiled blockchain technology featuring Fully Hormophorbic Encryption (FHE). The Ethereum-based protocol said the upcoming FHE blockchain is designed to enhance the crypto economy by solving the different challenges plaguing the industry. These include providing privacy and trust for Shiba Inu’s extensive community known as the ShibArmy. Animoca Brands and Polygon Ventures Joined the Funding Round According to a shared press release, the funding was conducted through The Shiba Mint S.A. based in Panama. Leading crypto investment companies that participated in the round include Animoca Brands, Morningstar Ventures, DWF Ventures, Polygon Venture, and Illuminati Digital Capital. Other companies, such as Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, and Spirit Dao, also contributed to the funding’s success. The VCs purchased an undisclosed amount of the TREAT token, which was described as Shiba Inu’s final non-stable token. The protocol said the venture capitalists’ involvement alongside their partners would help the network increase its utilities and expand its use cases for the ShibArmy. “We are excited to gain the support of such powerful V.C.s, angel investors, and brands as we plow towards the completion of this grand decentralized experiment. Through the involvement of these venture capital firms and their strategic partners, we are expanding our network of trusted partners and exponentially increasing what Shiba Inu can truly be capable of for our community, The ShibArmy,” Shiba Inu said. Shiba Inu’s Plans…
The post Shiba Inu Secures $12M in Funding for Blockchain Development and Ecosystem Expansion appeared on BitcoinEthereumNews.com.
Coinspeaker Shiba Inu Secures $12M in Funding for Blockchain Development and Ecosystem Expansion Shiba Inu (SHIB), the second-most popular meme coin in the crypto industry after Dogecoin (DOGE), has secured $12 million in funding from venture capital firms outside the United States to fuel its ecosystem expansion. The funds were raised through the sale of TREAT, a yet-to-be-released digital asset designed to serve as the governance token of the newly unveiled blockchain technology featuring Fully Hormophorbic Encryption (FHE). The Ethereum-based protocol said the upcoming FHE blockchain is designed to enhance the crypto economy by solving the different challenges plaguing the industry. These include providing privacy and trust for Shiba Inu’s extensive community known as the ShibArmy. Animoca Brands and Polygon Ventures Joined the Funding Round According to a shared press release, the funding was conducted through The Shiba Mint S.A. based in Panama. Leading crypto investment companies that participated in the round include Animoca Brands, Morningstar Ventures, DWF Ventures, Polygon Venture, and Illuminati Digital Capital. Other companies, such as Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital, Hercules Ventures, and Spirit Dao, also contributed to the funding’s success. The VCs purchased an undisclosed amount of the TREAT token, which was described as Shiba Inu’s final non-stable token. The protocol said the venture capitalists’ involvement alongside their partners would help the network increase its utilities and expand its use cases for the ShibArmy. “We are excited to gain the support of such powerful V.C.s, angel investors, and brands as we plow towards the completion of this grand decentralized experiment. Through the involvement of these venture capital firms and their strategic partners, we are expanding our network of trusted partners and exponentially increasing what Shiba Inu can truly be capable of for our community, The ShibArmy,” Shiba Inu said. Shiba Inu’s Plans…
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