Shiba Inu Fetches $12M Investment in a Token Sale to Build Privacy-Focused Blockchain
The new network will be built on top of layer-2 network Shibarium and offer enhanced privacy for users.
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Fundraise
The new network will be built on top of layer-2 network Shibarium and offer enhanced privacy for users.
The leading shared sequencer firm said it would further invest in its products as well as additional hires.
Dollars.(engin akyurt/Unsplash)
The funding found was led by Multicoin Capital and Protocol Labs and included participation from Solana co-founder Anatoly Yakovenko and Ethereum and Polkadot co-founder Gavin Wood. The ‘FHE’ technology allows for processing of encrypted data, useful for privacy in blockchain and AI.
The Series A investment round included Ledger, Tezos, Chiron and British Business Bank.
The funding will go towards further developing the protocol and adding new hires. Axiom allows smart contract developers to access historical data from Ethereum and then perform intensive computations off-chain.
The company said that its initial target for the funding round was $35 million.
Participants in the raise include Wintermute and Amber, in addition to other notable liquidity providers.
The fundraise was led by Polychain Capital and Hack VC and included contributions from Framework Ventures, Polygon Ventures, Castle Island Ventures and OKX Ventures.
The 2.8 million-euro fundraise comes from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund.