Shiba Inu completes $12 million token financing, which will be used to develop Layer 3 network

ChainCatcher news, according to THE BLOCK, Shiba Inu has raised $12 million through the TREAT token for the development of its new privacy-focused Layer 3 blockchain.

Shiba Inu stated on Monday that these investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital, and Comma 3 Ventures.

Additionally, the Web3 asset data platform RootData shows that Shiba Inu (Shiba Coin) is a decentralized meme token.