Today, important developments in cryptocurrencies such as SHIB coin, Unibot, Galxe attracted attention. Here are the latest developments…
Major financing round in SHIB coin ecosystem
The dog days of the Shiba Inu (SHIB) are over as the meme-based cryptocurrency project sets its sights on the moon, or perhaps its own corner of the metaverse, with a new $12 million investment and a brand new Blockchain on the horizon. This major funding round, driven by the purchase of Shiba’s soon-to-launch TREAT token, is a major vote of confidence from a consortium of big-name venture capitalists. Familiar names like Mechanism Capital, Animoca Brands and Polygon Ventures are just some of those throwing their weight behind the project, signaling belief in the Shiba Inu’s long-term potential.
But the real bombshell came with the announcement of a brand new Blockchain designed specifically for Shiba Inu. This innovative Blockchain integrates the latest Fully Homomorphic Encryption (FHE) technology in partnership with Zama.ai. This encryption promises to address long-standing privacy and trust concerns in the crypto space, which is a huge boon for the tens of millions of people who flock to the SHIB network.
Shytoshi Kusama, Shiba Inu’s enigmatic Lead Developer, expressed his gratitude to the community, acknowledging the incredible journey they shared. From its humble beginnings as the brainchild of Ryoshi, Shiba Inu has grown into a full-fledged ecosystem encompassing DeFi, metaverse aspirations, and an army of passionate supporters known as the ShibArmy. Kusama says that this new wave of investment is not just about financial support; He says it’s about unlocking the Shiba Inu’s true potential for his dedicated community.
What were the other developments?
While SHIB coin comes to the fore, the rest of the crypto world is buzzing with activity. Here’s a quick look at some other notable developments:
- Unibot Reveals Growth Plans: Unibot is focusing on growth with a three-pronged strategy: a referral system to encourage participation, token buybacks to increase investor confidence, and a revamped reward system designed to benefit smaller holders.
- Mina Network Plans Berkeley Upgrade: Lightweight blockchain network Mina is gearing up for a major upgrade on June 4th. The Berkeley upgrade aims to improve the network’s ToM programmability, a technical advance that could unlock new possibilities.
- Galxe Offers Token Migration: Social credential network Galxe has submitted a proposal to migrate its token symbol and contract. This move, driven by strategic concerns, will see GAL tokens converted to G tokens at a ratio of 1:60.
- LightLink Airdrops Mocavers NFT Holders: Ethereum Layer 2 network LightLink is airdropping tokens to Mocavers NFT holders. Each Mocavers NFT will be eligible to claim 1,000 LL tokens, with more details expected in the MOCA Discord channel. This airdrop follows their previous announcements rewarding TIA and PYTH stakers with exclusive LL node NFTs, highlighting their commitment to rewarding those who contribute to network security.
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