Prominent Shiba Inu (SHIB) Developer Advocates for Real-World Utility
According to Shytoshi Kusama, a prominent Shiba Inu developer, it’s time to prioritize real-world utility over lore and memes. The partnership with D3 Global will allow the SHIB community to create top-level domains ending in .shib, establishing a new decentralized identity.
Kusama believes that shifting focus away from memes and lore is crucial for advancing the technology and increasing adoption. This approach also adds more significance to token burns.
New Partnership Enables Shib Name Service
The collaboration with D3 Global, experts in decentralized identification, will transform shib name tokens into the Shib Name Service. These tokens can potentially offer features that enhance users’ Web3 experience.
By obtaining a top-level domain, users can acquire a .shib address. The Shiba Inu community asserts that their domains are distinct from established projects like the Ethereum Name Server system.
A key selling point is that these domains differ from traditional .com addresses associated with centralized entities like Netflix and Amazon. With a .shib address, you can fully own a website and email address that are completely decentralized.
“The next partnership & the purpose therein gives us a finish line to this ground-breaking experiment known as Shiba Inu,” Kusama stated in a recent X thread.
Prospects for Increased Adoption
This push towards decentralization follows the launch of the Shibarium ecosystem earlier this year. Shibarium is a layer-2 network built on top of Ethereum. Transaction volumes on layer-2 Ethereum networks have grown by 50% in the past two years.
The Manny Pacquiao Foundation announced earlier this year that it would utilize Shibarium to organize events. Additionally, people can donate in SHIB and receive a tax receipt automatically.
With the recent Bitcoin rally, altcoin market capitalization has reached $700 billion. Memecoin BONK has become the third-largest dog-themed memecoin after Dogecoin and Shiba Inu. The price of SHIB has risen by 21.1% over the past year to $0.00001020.
Hot Take: Emphasizing Real-World Use Cases for SHIB
The partnership between Shiba Inu and D3 Global marks an important step towards establishing real-world utility for the SHIB token. By enabling the creation of top-level domains ending in .shib, users can fully embrace decentralized identities and enhance their Web3 experience. This shift away from lore and memes demonstrates a commitment to advancing technology and increasing adoption. With prospects for increased adoption and the growing market capitalization of altcoins, Shiba Inu is poised to solidify its position in the crypto space.
By
By
By
By
By
By