Shiba Inu Partners with D3 Global
In a positive move amidst the bearish crypto market, meme coin Shiba Inu has partnered with internet domain company D3 Global. The partnership was announced in the latest version of the SHIB magazine, marking the seventh edition. D3 Global specializes in bridging the gap between web2 and web3 ecosystems, and aims to introduce unique and affordable domain names to users. This partnership aligns with Shiba Inu’s goal of establishing a decentralized internet top-level domain name for its users, allowing them to have a digital identity compatible with both Web2 and Web3 applications.
The Significance of the Partnership
D3 Global’s partnership with Shiba Inu will bring about the introduction of affordable domain names to users, leveraging Web3 utility on the internet’s base layer. This collaboration is part of Shiba Inu’s broader endeavor towards a decentralized identification project and aims to safeguard the “.shib” top-level domain name. By registering their .shib names, SHIB users will have a digital identity compatible with both traditional Web3 technologies and essential internet technologies like email and web browsers.
The Process of Acquiring a New TLD
D3 Global, being an expert in the internet domain industry, specializes in obtaining and configuring new top-level domains (TLDs). Acquiring a TLD involves a complex application process that requires approval from ICANN. Additionally, community support is crucial as ICANN takes into account public interest and potential effects of a new TLD.
Hot Take: Shiba Inu’s Positive Step Towards Decentralization
Despite a decline in value, Shiba Inu’s partnership with D3 Global demonstrates its commitment to decentralization and innovation in the crypto space. By collaborating with an internet domain company, Shiba Inu aims to provide unique and affordable domain names to its users, while also streamlining their digital identities. This initiative has the potential to enhance blockchain transactions and improve compatibility with traditional web technologies. As Shiba Inu continues to trailblaze decentralization, it sets a precedent for other cryptocurrencies to explore partnerships that drive innovation and adoption in the industry.
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