Shiba Inu Announces Plan to Acquire a Top-Level Domain
The lead developer of Shiba Inu, Shytoshi Kusama, has made a “game-changing” announcement regarding the decentralization of the internet. In a post on its official X platform, Shiba Inu revealed its plans to acquire its own Top-level Domain (TLD) and become the first decentralized Web3 ecosystem to do so. This initiative will be carried out in partnership with D3inc, a company that specializes in registering and trading interoperable Web3 domain names.
D3inc confirmed their collaboration with Shiba Inu in obtaining the .shib TLD on their X platform. This move is significant because it bridges the gap between Web2 and Web3 functionality. While current TLDs like .com operate on the Domain Name System (DNS) but are incompatible with Web3 tools, Web3 names like .crypto and .eth don’t operate on DNS, making them incompatible with critical internet tools like web browsers and email.
Why The Announcement Is Significant
The acquisition of the .shib TLD by Shiba Inu will have native support from both Web2 and Web3 tools, making it a game-changer in internet decentralization. This aligns with Shiba Inu’s roadmap as outlined in the Shib Paper, where they aim to make SHIB the “operating system of the future internet.” It is an important step in realizing the promise of Web3 and bridging the gap between different aspects of the web.
Despite this significant announcement, SHIB has not responded positively in terms of price performance. At the time of writing, SHIB is trading at around $0.00001019, experiencing a decline of over 2% in the last 24 hours.
Hot Take: Shiba Inu Leading the Way in Web3 Decentralization
Shiba Inu’s plan to acquire a Top-level Domain marks a major milestone in the decentralization of the internet. By bridging the gap between Web2 and Web3 tools, Shiba Inu is pioneering the way towards a more inclusive and interoperable internet. This announcement demonstrates their commitment to making SHIB the operating system of the future internet. While SHIB’s price may not have reacted positively to this news, the long-term implications for internet decentralization are significant. Shiba Inu’s efforts are shaping the future of the web and positioning themselves as leaders in the Web3 ecosystem.
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