Shiba Inu Raises $12 Million, Sets Stage for Layer 3 Blockchain

Shiba Inu's Financial Triumph

The Shiba Inu development team is celebrating a significant financial achievement, having completed a successful $12 million funding round with the introduction of the TREAT token. The investment, headed by Animoca Brands, showcases confidence from blockchain investors and lays the groundwork for an advanced Layer 3 blockchain initiative.

Strategic Expansion Roadmap

Shytoshi Kusama, Shiba Inu's mysterious lead developer, has outlined a strategic initiative, aiming to use the recent funds to develop a new blockchain protocol and enhance the existing Layer 2 solution, Shibarium. The goal is to elevate Shibarium into the global epicenter for memes, simultaneously increasing security and aligning with regulatory standards.

Broader Horizons for Shiba Inu

Shiba Inu's roadmap is ambitious, with plans for a Layer 3 blockchain offering cutting-edge privacy features. Kusama is setting sights beyond the current crypto audience, intending to capture a broader market share and evolve Shiba Inu into a 'social network state' driven by blockchain. A testnet for the Layer 3 blockchain is expected to launch later this year.