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The cryptocurrency sector has seen significant investment activity with two major fundraising events. The first involves a seed raise of $1.7 million for an unnamed web3 gamified project, led by Shima Capital and supported by The Spartan Group, Double Peak Group, DevmonsGG, 32bitVentures, Liquidxstudio, and D64vc. The second major funding event is Shibtoken's first fundraise, which brought in $12 million for its new token, TREAT, involving investors such as Polygon Ventures, Mechanism Capital, BigBrainVC, Shima Capital, Animoca Brands, and Cypher Capital. The TREAT project aims to enhance the Shibtoken ecosystem by incorporating Fully Homomorphic Encryption (FHE) technology to improve privacy and user experience.
Proud to support @treatsforShib, a #SHIBARMY ecosystem building on FHE, as an advisor and early investor in @zama_fhe. Impressed by their vision and execution, we've invested strategically with @cypher_capital. Go #SHIBARMY š https://t.co/8ZPz8AHIlE
1/4 We are glad to have participated in @Shibtoken's first fundraise, bringing in $12M for its unreleased token $TREAT from @PolygonVentures, @MechanismCap, @BigBrainVC, @shimacapital, @animocabrands and @cypher_capital š« ā”ļø https://t.co/qYuDczYOjO https://t.co/LhMmfPUDgs
Super excited for TREAT!!! @treatsforShib is a fascinating exercise in how Meme becomes Dream, and Shib finds the moon!!! ššš What started as a fun meme will end up as a case study in attention economies' ability to drive utility and technical evolution. Congrats TREAT,ā¦ https://t.co/HsOlVHvA0n
