Shiba Inu Announces $12M in Funding
Among participants Polygon Ventures, Mechanism Capital, Big Brain, Shima Capital, Animoca Brands, and Cypher Capital.
We are glad to have participated in Shiba Inu’s first fundraise, which raised $12M for its unreleased token, $TREAT, from Polygon Ventures, Mechanism Capital, Big Brain, Shima Capital, Animoca Brands, and Cypher Capital.
$TREAT is designed as a utility and governance token for the upcoming privacy-focused L3 blockchain. This blockchain adopts Zama’s fully homomorphic encryption (FHE) technology to comply with regulatory standards and safeguard user data. The main goal of this L3 is to prevent scams by enabling individuals to maintain privacy while obtaining credentials for identity verification.
Read the full announcement: ➡️ here
About Morningstar Ventures
Morningstar Ventures is an investment firm backing ambitious ideas by early-stage founders. Based in Dubai, Morningstar Ventures focuses primarily on the blockchain and digital assets space and is led by CEO Danilo S. Carlucci. The firm is active in token and equity investments and has a particularly strong focus on the MultiversX ecosystem.
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