• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
Shiba Inu SHIB news

Shiba Inu Team Raises $12 Million Via TREAT To Bolster The Ecosystem

Jake Simmons
by Jake Simmons
1 year ago
·
Posted in Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Shiba Inu development team announced a significant financial milestone, having successfully secured $12 million through the sale of its latest utility token, TREAT. This fund-raising round, led by the Web3-focused venture capital firm Animoca Brands, has drawn substantial support from a consortium of blockchain-focused investors, setting the stage for the development of an innovative Layer 3 blockchain.

Shiba Inu Dev Team Attracts Enormous Interest

The funding round attracted an array of global investors, including Mechanism Capital, Cypher Capital, Shima Capital, Big Brain Holdings, and Polygon Ventures, among others. Notably, the round included contributions from entities such as Morningstar Ventures, Woodstock Fund, and Comma 3 Ventures, underscoring the diverse investor interest in Shiba Inu’s technological aspirations.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, detailed the strategic deployment of these funds in an exclusive interview with The Street during the Token2049 event in Dubai. He revealed that the capital raised would primarily facilitate the development of the project’s new blockchain protocol and enhance the functionalities of its existing Layer 2 solution, Shibarium.

“The aim is to transform Shibarium into the meme center of the world while expanding security measures and ensuring regulatory compliance,” Kusama stated.

Related Reading: Crypto Analyst Predicts Further Upside For Shiba Inu, Here’s The Target

The most ambitious aspect of Shiba Inu’s roadmap involves the development of a Layer 3 blockchain, designed to function atop the Shibarium Layer 2 network. This new layer promises to introduce cutting-edge fully homomorphic encryption (FHE) technology, a pioneering method that allows data to remain encrypted even during processing, thereby offering unprecedented privacy and security benefits.

“This new encryption chain aims to address multiple issues in the crypto space, including privacy and trust, essential for our extensive community and potentially billions more as we expand our reach,” explained Kusama. The new blockchain also intends to maintain compliance with international laws, balancing user privacy with the necessary legal frameworks.

Beyond technological development, the Shiba Inu team is focused on expanding its reach and influence. Kusama noted that the current user base, predominantly crypto-savvy individuals, represents only a fraction of the potential market. “I can’t capture much more market share of the crypto world but, boy, is there a huge part of the world, like 95% of the world, that has no idea about crypto. They might’ve seen our brand, they might’ve seen our logo but they will (know us) by the end of the year,” he emphasized.

Related Reading: Shiba Inu Scam Watcher Sends Critical Warning To SHIB Community

The funding will also support new partnerships and community initiatives, including the acquisition of a .shib top-level domain and collaborations aimed at leveraging blockchain technology to authenticate and distribute videos. These efforts are part of Shiba Inu’s broader strategy to evolve into a “social network state,” where the community’s governance and interaction are heavily integrated into the blockchain framework.

Roadmap And Tokenomics For TREAT

The TREAT token, integral to this funding round, will join Shiba Inu’s diverse ecosystem of tokens like SHIB, LEASH, and BONE. TREAT is designed as both a utility and governance token that will play a crucial role in the new Layer 3 blockchain. Despite not being officially released yet, Kusama warned against fake tokens circulating in the market, emphasizing the importance of community awareness.

Looking ahead, the Shiba Inu team plans to launch a testnet for the Layer 3 blockchain in the third quarter of this year, with a mainnet launch slated after comprehensive testing and auditing processes.

At press time, SHIB traded at $0.00002688.

Shiba Inu price
SHIB price eyes breakout, 4-hour chart | Source: SHIBUSD on TradingView.com
Featured image from Shutterstock, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

Shiba Inu news

Shiba Inu Partners With Solana-Backed Arlo For Shibarium Security

17 hours ago
Shiba Inu

Shiba Inu Devs Announce Next Key Updates — Here’s What You Should Know

6 days ago
Meme coins

Is Shiba Inu At Risk Of Losing Its Second-Largest Meme Coin Position To PEPE And MemeCore?

1 week ago
Shiba Inu news

Shiba Inu Dev Issues New Security Update On Shibarium Bridge

1 week ago
Shiba Inu

Shiba Inu Holders Warned Against This Critical Scam That Could Cost Them Money

1 week ago
Shiba Inu Shibarium news

Shiba Inu Team Issues Explosive Update On Shibarium Bridge Exploit

1 week ago

Premium Sponsors

Press Releases

  • Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As One of 2025’s Best New Crypto.

    Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As...

    60 minutes ago
  • най-добрите криптовалути

    Най-добрите криптовалути за...

    21 hours ago
  • As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

    As the Tapzi Fundraiser Continues to Generate Buzz, Could...

    23 hours ago
  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    2 days ago
  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.