In a recent development, Shiba Inu's marketing lead, Lucie, has stepped forward to address the confusion surrounding the launch of the highly anticipated TREAT token. Contrary to some reports, the token has not yet been released, but its potential has already sparked significant interest within the crypto community.

The Shiba Inu L3 Blockchain: A Collaborative Effort

According to the Shiba Inu executive, TREAT is one of the Layer-3 tokens that was recently highlighted in the latest edition of the Shiba Inu magazine, "The Shib." This publication shed light on the upcoming Layer-3 blockchain, a result of Shiba Inu's collaboration with Zama. This new blockchain will be powered by Fully Homomorphic Encryption (FHE), further enhancing the scalability and capabilities of the Shibarium network.

The TREAT Token: Governance and Utility

TREAT is poised to play a crucial role on the new L3 blockchain, much like BONE on the Shibarium scaling solution. It will serve as the token for governance and utility, allowing the Shiba Inu community to actively participate in the development and decision-making processes.

Funding the Future: Shiba Inu's Successful Fundraising

In a recent development, the Shiba Inu team successfully raised $12 million through the TREAT token, attracting investments from some of the largest crypto contributors and venture capital firms. This funding will be used to drive the further development of the privacy-focused L3 blockchain, as well as other initiatives within the Shiba Inu ecosystem.

Shibarium's Milestone: Bor and Heimdall Hard Forks

Alongside the TREAT token, the Shibarium network has also reached a significant milestone with the successful completion of a hard fork. This encompassed the Bor hard fork and the Heimdall hard fork, further enhancing the capabilities and stability of the Shibarium network, capturing the attention of the wider crypto community.

In conclusion, the Shiba Inu team's commitment to innovation and the development of the TREAT token and the L3 blockchain showcases their dedication to expanding the ecosystem and providing new opportunities for the Shiba Inu community. As the TREAT token prepares to hit the market, the crypto world eagerly awaits the unveiling of this exciting new chapter in the Shiba Inu story.