Shiba Inu Secures $12 Million for Development of Layer-3 Blockchain
Monday, 22 April 2024, 09:30
Shiba Inu Secures $12 Million for Layer-3 Blockchain Development
The Shiba Inu team has raised $12 million to develop a new layer-3 blockchain. The funds will be used to enhance privacy and functionality in the growing crypto ecosystem.
Key Points:
- Investors include Polygon Ventures, Mechanism Capital, and Animoca Brands.
- The new blockchain will be built on top of Shibarium, the project's Ethereum layer-2 blockchain.
- Full commitment to privacy using fully homomorphic encryption technology from Zama.
The launch of the new layer-3 blockchain testnet is scheduled for the third quarter of this year, with a mainnet release to follow later on.
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