Shiba Inu (SHIB), a leading Ethereum-based digital assets ecosystem, has raised $12 million in funding from a global consortium of venture capital firms. The investment will accelerate the development of a privacy-centric Layer 3 blockchain powered by Fully Homomorphic Encryption (FHE) technology, in collaboration with Zama.ai.
Key Investors and Strategic Backers
The funding round attracted prominent names in the crypto space, including:
- Mechanism Capital
- Animoca Brands
- Polygon Ventures
- Big Brain Holdings
- DWF Ventures
The capital was secured through the purchase of TREAT, Shiba Inu’s upcoming utility and governance token, marking the network’s final non-stable token release.
The Vision Behind Shiba Inu’s New Blockchain
Privacy Revolution with FHE Technology
The new blockchain integrates Fully Homomorphic Encryption (FHE), a breakthrough in data privacy that enables computations on encrypted data without decryption. This addresses critical challenges in:
- User privacy for SHIB’s millions of holders.
- Trustless transactions within decentralized applications (dApps).
- Secure data sharing across the Shibarium ecosystem.
👉 Learn how FHE transforms blockchain privacy
Shytoshi Kusama, Shiba Inu’s Lead Developer, emphasized:
"We’ve built a unique ecosystem with AI, DeFi, and encryption—all powered by our community, the ShibArmy. This funding accelerates our mission to redefine decentralized technology."
Building Shibarium as the Ultimate Meme Hub
The investment will further establish Shibarium (SHIB’s Layer 2 solution) as a global hub for meme culture and decentralized innovation. Key initiatives include:
- Enhanced security protocols for Shibarium validators.
- Strategic partnerships, like the .shib top-level domain with D3.
- Philanthropic ventures to drive mainstream adoption.
Expanding Industry Influence
Shiba Inu has joined the Content Delivery & Security Association (CDSA), underscoring its commitment to security standards in media and entertainment.
FAQs
1. What is TREAT?
TREAT is Shiba Inu’s new utility/governance token, designed to power transactions and governance on its Layer 3 blockchain.
2. How does FHE improve privacy?
FHE allows data to remain encrypted during processing, ensuring privacy without sacrificing functionality.
👉 Explore Shiba Inu’s ecosystem growth
3. What’s next for Shibarium?
Expect upgrades in scalability, meme-centric dApps, and cross-chain interoperability.
With this funding, SHIB solidifies its position as a pioneer in privacy-focused blockchain innovation, backed by top-tier investors and a relentless community.
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