Shiba Inu, the popular memecoin project, has recently made headlines with a series of developments that have caught the attention of the cryptocurrency community.
The project has successfully raised $12 million from several high-profile institutional investors to fund the development of Treat, a privacy layer designed to enhance user confidentiality and security.
TLDR
- Shiba Inu has raised $12 million from various institutional investors to fund the development of Treat, a privacy layer designed to enhance user confidentiality and security.
- The funding round saw participation from diverse venture capital firms, all based outside the United States due to the country’s ongoing crypto crackdown.
- The Treat platform could transform sectors like encrypted lending platforms, tokenized asset exchanges, and encrypted machine-learning models.
- Shiba Inu’s price has surged over the past year, with a 164% gain, and the project…
