Bittime - Shiba Inu (SHIB) is a crypto memecoin that is once again becoming a hot topic of conversation among crypto investors. This time, Shiba Inu is not only attracting attention for its dynamic price movements, but for its innovative steps in developing a privacy-specific Layer-3 (L3) blockchain.
Shiba Inu's move marks a promising new chapter for the future of Shiba Inu and its community. In a recent post, Lucie, a Shiba Inu ecosystem content marketer, highlighted L3's blockchain development with passion. He explained that the funds for this blockchain development came from a successful investment round.
Shiba Inu Fundraising Causes Uproar Reaching $12 Million
According to official reports, the Shiba Inu development team managed to raise $12 million in funding through the TREAT token sale. The token has not yet been released and has been offered to well-known venture capital investors outside the United States.
Daftar investor ternama itu termasuk Mechanism Capital, Polygon Ventures, Shima Capital, Big Brain Holdings, Morningstar Ventures, Animoca Brands, DWF Ventures, Woodstock Fund, Comma 3 Ventures, dan Stake Capital.
Shiba Inu ecosystem leader Shytoshi Kusama confirmed the success of Shiba Inu (SHIB) fundraising with a statement. He revealed that the funds came from pre-seed and seed rounds.
Furthermore, Kusama explained that the fundraising process began several months ago and was completed in early April 2024.
Although reluctant to reveal specific figures regarding valuation, Kusama cannot hide his optimism. An anonymous source revealed that this fundraising is structured in three stages, with a valuation for each stage reaching $75 million, $100 million and $200 million.
Check Today's Crypto Market:
Shiba Inu (SHIB) Towards the Age of Blockchain Privacy
The funds raised will be used to accelerate the launch of Shiba Inu's privacy-based L3 blockchain. This blockchain will be built on the Shibarium platform. Interestingly, Kusama chose to keep the name of this blockchain a secret for now. This is done to prevent potential fraud that takes advantage of Shiba Inu's popularity.
As a strategic step, the Shiba Inu (SHIB) team collaborated with the well-known cryptography company , Zama. It aims to develop a new privacy-based blockchain. Zama will provide fully homomorphic encryption technology to guarantee a high level of privacy for Shiba Inu users.
According to Kusama, the L3 blockchain is targeted to be launched on the testnet in the third quarter of 2024. After going through thorough testing, this blockchain will be launched on the mainnet.
Harga Shiba Inu SHIB/USDT Hari Ini
Source: Bittime.com
On April 22, 2024, the price of Shiba Inu SHIB/USDT was at $0.00002710 per coin, up 0.93% in 24 hours.
Also Read How To Buy Crypto:
TREAT Token Opens New Gates
Previously it was published that the TREAT Token will play an important role in Shiba Inu's new L3 blockchain. TREAT functions as a utility and governance asset for privacy-focused blockchains. Kusama confirmed that TREAT will be the last risk asset introduced by the Shiba Inu ecosystem.
In addition, Shiba Inu also plans to launch a stablecoin named "SHI" before the end of this year. This stablecoin will complement the increasingly comprehensive Shiba Inu ecosystem and provide stability for users.
Future Prospects of the Shiba Inu (SHIB)
Shiba Inu's move to develop this privacy-specific L3 blockchain shows their commitment to innovation and progress. With Zama's advanced encryption technology and functional TREAT token, this new blockchain has the potential to revolutionize the way Shiba Inu users transact and interact with the platform.
The launch of the stablecoin "SHI" further strengthens Shiba Inu's (SHIB) position in the crypto asset market . This development should be welcomed enthusiastically by investors and the Shiba Inu community. With the right strategy and continuous innovation, Shiba Inu is ready to accelerate towards an increasingly brilliant future.
Conclusion
Shiba Inu's development of the privacy-specific L3 blockchain is a bold and visionary move. With advanced technology and a mature strategy, Shiba Inu (SHIB) has the potential to become a major player in the crypto industry in the future. Investors and the Shiba Inu community should continue to monitor this development with optimism.
Check Crypto Prices Today:
Cara Membeli Shiba Inu (SHIB) di Bittime
You can buy and sell Shiba Inu (SHIB) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Shiba Inu (SHIB) is available on Bittime with the market pair SHIB/IDR . To be able to buy SHIB/IDR on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy a Shiba Inu (SHIB) at Bittime.
Monitor price chart movements of Shiba Inu (SHIB), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read Also:
Moncer! Nibiru (NIBI) Launches $15 Million Development Fund to Spur Ecosystem Growth
Aptos (APT) Price Prediction: Will it Soar 30% in 5 Days?
Chainlink (LINK) Price Prediction 2024 – 2030: Will it Reach $100 in 2025?
DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.