Shiba Inu has raised $12 million through the TREAT token for the development of its new privacy-focused third-layer blockchain. On Monday, Shiba Inu announced that these investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital, and Comma 3 Ventures.