- Shytoshi Kusama has reacted to the latest $12 million cash injection.
- Kusama teased that Shiba Inu enthusiasts could expect more pivotal announcements soon.
- Shiba Inu is launching a privacy L3 blockchain before 2024 ends with TREAT as a governance asset.
Shytoshi Kusama, the leader of the Shiba Inu ecosystem, has taken to X to remark on their latest achievement involving a $12 million cash injection. In particular, he teased that there is so much more in store for the SHIB Army following the fundraising.
Notably, the Shiba Inu development team has secured $12 million from venture capitalists (VCs) outside the United States. The team raised the funds by selling pre-launch TREAT tokens to these VCs in tranched funding rounds. The rounds involved pre-seed and seed, which were commended months ago but ended early this month.
Notably, 18 venture capitalist firms honored this funding round for the Shiba Inu ecosystem. They include Polygon Ventures, Animoca Brands, DWF Ventures, Mechanism Capital, Woodstock Fund, Comma 3 Ventures, and Stake Capital.
The Shiba Inu team orchestrated this fund to promote efforts toward launching a new layer-3 privacy blockchain currently being developed on Shibarium.
“It is a big day for SHIB as we push forward for encryption and elevate our entire brand,” remarked Shiba Inu’s leader. “There’s so much in store for the army. I have never been more excited for SHIB,” Kusama added.
Furthermore, in the post, Kusama unveiled that he had consistently altered his location signal on social media to reflect his pitching endeavors to these brightest minds in the industry. He added that the latest announcement is just one of the many developments yet to be unveiled.
It is worth mentioning that the Shiba Inu crew is developing the upcoming L3 blockchain in partnership with Zama, an encryption technology firm based in Paris. In February, Shiba Inu and Zama entered a strategic alliance to establish privacy solutions around user data management. This blockchain will launch on testnet before the end of this year.
Also, this upcoming privacy-based blockchain will use the yet-to-launch TREAT token as its governance asset. The Shiba Inu team has disclosed that the TREAT token would be the last volatile asset they would launch.
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