The creators of the well-known meme coin Shiba Inu reportedly secured $12 million from several key non-US partners, such as Animoca Brands, Polygon Ventures, Mechanism Capital, Cypher Capital, Hercules Ventures, and others, according to a document.
SHIB Team Raises $12 Million in Funds to Become a Global Meme Hub
By investing in large quantities of the TREAT cryptocurrency, a reward token based on Shiba Inu’s layer-2 scaling solution, Shibarium, the group of investors joined the SHIB ecosystem. With the multi-million dollar investment, Shiba Inu plans to create a new blockchain technology using fully homomorphic encryption (FHE), increase security, improve regulatory compliance, and make sure Shibarium becomes the global hub for memes.
Shiba Inu continues to enhance its stack while increasing the usability and portability of its technology in more places than ever, including partnerships like D3 to gain a .shib top-level domain, philanthropic partnerships with organizations like the Manny Pacquiao Foundation, and memberships within organizations like CDSA (Content Delivery & Security Association), the international association of security executives across Media & Entertainment,
the document
Shiba May Rise Further in the Days Ahead
One of the best-performing cryptocurrencies over the last few days was the second-largest meme currency by market valuation. Weekly gains of 17.14% have been seen in the price of SHIB, and some analysts anticipate greater rises in the near future. If SHIB breaks through the resistance level of $0.00002710, the X user Nebraskagooner, who has hundreds of thousands of followers, thinks that another “bullish captain hook pattern” might emerge.
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