Crypto VCs Invest $12M in Shiba Inu's new “Layer-3” Blockchain and TREAT Token [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Crypto venture capitalists (VCs), including Animoca Brands, Big Brain Holdings, Mechanism Capital, DWF Ventures, and Spirit Dao, have invested $12 million in SHIB for a stake in the ecosystem's upcoming "layer three" blockchain. This investment will be represented by a new utility and governance token called TREAT. TREAT will serve as the utility and governance token for the nascent chain, positioning it as the final non-stable token within the SHIB ecosystem. The team behind Shiba Inu, led by the pseudonymous developer "Shytoshi Kusama," expressed their excitement about the project's progress in a press release, stating: “Through the involvement of these venture capital firms and their strategic partners, we are expanding not only our network of trusted partners, but also exponentially increasing what Shiba Inu can truly be capable of for our community, The ShibArmy.” The new TREAT blockchain will function as a "layer three" network built on top of Shibarium, a layer-2 scalabilit
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