Shiba Inu (SHIB) has made a name for itself with a new network. SHIB coin plans to offer Privacy transactions by building a new network based on the Shibarium blockchain. Meanwhile, there is bullish news for the Solana ecosystem and coins like NEO. Here are the details…
Important announcement for SHIB coin: New privacy network will be operational
SHIB coin is building a new privacy network. In this network, TREAT token will be used as the base token, allowing SHIB holders to transact more privately while protecting their personal and processors. The Shiba Inu team is collaborating with Zama, an open source cryptography company, to create this new network. Fully Homomorphic Encryiption (FHE) rates are determined in the modulated network. Thanks to this mechanism, developers will be able to use data in untrusted domains without having to decrypt them.
This move of Shiba Inu made a big impact in cryptocurrency. According to CoinMarketCap results, TREAT token gained more than 80% in value on a daily basis following the news. The SHIB token also rose by approximately 20% during the same period. As a result, the Shiba Inu’s new network may attract the attention that has the privacy of cryptocurrency authority.
Coins in the Solana ecosystem experienced an increase
Alongside Shiba Inu, Solana (SOL) and Binance Coin (BNB) recently reached new annual highs. SOL is up 13.3% in 24 hours, fueled by increased interest in Dogwifhat (WIF), a Solana-based memecoin. If we continue to talk about the rise of altcoins in the Solana system, coins such as BONK and rAY also stand out.
According to market data on February 29, the Solana ecosystem sector rose overall. Among them, BONK increased by 53.71% in 24 hours and reached $0.00002112. RAY increased in 24 hours, reached 24.17% and is around 1.2 dollars. On the other hand, JUP increased by 9.83% in 24 hours and is at $ 0.5521. WIF increased by 34.11% in 24 hours and is at $0.8183. Finally, ORCA increased by 22.2% in 24 hours and is at $ 5.11.
Important announcement in NEO
Meanwhile, Neo and Web3Labs have teamed up with Web3Labs, a Hong Kong-based gateway for Web3 startups. NEO announced 8 projects that will participate in the Web3.0 Global Acceleration Program. The selected projects are:
- TrendX
- EVMs
- PlayEstates Blade of God X (BOG X)
- N2FT
- OwlSync
- zest
- CHIPCHIP
These projects cover a variety of areas, including DeFi, artificial intelligence, games, and more, and each represents innovation and technological advancement in their respective fields. Under the program, these projects will receive seed funding of up to $20,000, potential follow-on investments of up to $100,000, and comprehensive support to encourage their growth. With this development, NEO price increased.
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