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Market
Increased Investment from Initial Major Investors in Shiba Inu by End of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Public disclosures, press releases from Shiba Inu or the investors.
Story
Shiba Inu Raises $12M for New Privacy-Focused Blockchain
Apr 22, 2024, 10:33 AM
Shiba Inu has successfully raised $12 million through a token sale of its TREAT tokens to fund the development of a new privacy-focused Layer 3 blockchain. The fundraising round saw participation from notable investors including Polygon Ventures, Animoca Brands, Mechanism Capital, Big Brain VC, and Shima Capital. The TREAT token, which is the final non-stable token from the Shiba Inu ecosystem, will serve as the utility and governance token for this new blockchain, which is being built on Shibarium, Shiba Inu's Ethereum Layer 2 blockchain.
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Polygon Ventures • 20%
Animoca Brands • 20%
Mechanism Capital • 20%
Big Brain VC • 20%
Shima Capital • 20%
Privacy Enhancements • 33%
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Decentralized Finance (DeFi) Integrations • 34%
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