Shiba Inu: Perfect Landing for ".shib" in Web 3.0!

Nothing is the same anymore on Planet Shiba. After Shibarium, a whole host of innovations emerged. Among them is Shibarium ID, the ideal solution to put an end to the cumbersome SHIB wallet addresses. Except that Shytoshi Kusama and his team are not planning to stop there : they have enlisted the best of the best to extend the reach of .shib domains in Web3. Let’s take a closer glance !

Shiba teams up with D3 to better conquer the Internet of the future

Recently announced by Shytoshi Kusama, the Shib Name Service (SNS) allows investors to create crypto wallet addresses.

If approved, holders of the Shiba Inu (SHIB) memecoin would be able to create email addresses with the “.shib” suffix attached. It would be compatible with ordinary email applications, D3 states.

— Cointelegraph (@Cointelegraph) December 20, 2023

The article associated with this tweet, which includes the comment, highlights Shiba Inu devnets’ intention of launching the “.shib” domain for SHIB traders.

Here is the translation of the main message from Cointelegraph :

“The team behind the Shib token has partnered with the Internet domain company D3 Inc. to apply for a “.shib” domain in the Internet’s classic domain system. “

Hence, if the project is successful, holders of Shiba Inu cryptocurrencies will be able to enjoy several conveniences, including the creation of Web3 domain names adapted to the DNS of the internet. This is not something users of the Ethereum Name Service (ENS) identifiers “.crypto” and “.eth” have, due to the lack of compatibility with the domain name system. These domains do not adapt with traditional tools such as web browsers and email.

Furthermore, D3 aims to regularize the new Internet identifier “.shib” with the Internet Corporation for Assigned Names and Numbers (ICANN), the organization assigned for that purpose.

It is just a matter of months before fans of Shiba Inu (SHIB) can benefit from at least two advantages related to this historic collaboration :

• creation of email addresses, via classic messaging applications, with the “.shib” suffix ;
• acquisition of “name tokens” (or name coins), a mechanism that facilitates sending digital assets to other blockchains with simplified wallet addresses;
• etc ;

“Applying for and acquiring the Top-Level Domain (TLD) .shib,” is the main goal for this initiative, clarifies the ace of the new generation of domains and Web2-Web3 interoperability, D3 Inc.

What about the impact of this announcement on the SHIB price ?

The announcement of the Shib Name Service (SNS) and the publication of a detailed article about it did not have a positive effect on the price of SHIB. And Cointelegraph noted that the same phenomenon occurred after the project presentation by D3. A decrease of 1% was even observed.

Nevertheless, a quick look at CoinGecko provided us with extensive details on the memecoin’s price. It was trading at $0.00001029 per coin at the time of writing, which represents a 25.3% gain in one month. The crypto starter that is Shiba Inu is no longer in agony, it seems.