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Shiba Inu (SHIB) Raises $12 Million in Funding for Its Novel FHE Blockchain

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Backed by Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital and others, new funding round paves way for blockchain set to replace Shibarium

Participants of recent funding round purhchased not-yet-launched cryptocurrency TREAT, which is said to be the final non-stable token of the SHIB ecosystem.Shiba Inu , an ecosystem of interconnected blockchain solutions on top of Ethereum , shares the details of its latest funding round so far. A total of $12 million was secured from a clutch of highly reputable VCs, including Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital and Hercules Ventures.

TREAT will be a key tokenomic element of the new Shiba Inu blockchain powered by Fully Homomorphic Encryption . The new chain will be leveraging the FHE technology of the ecosystem's partner, Zama.ai.

Source: Digital Coin News (digitalcoinnews.net)

 

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