Shiba Inu Community to Launch Shibarium ID, a Dedicated Domain Service
The Shiba Inu community is set to introduce Shibarium ID, a dedicated domain service that will be officially launched by the end of October. Developers confirmed the news in a tweet, stating that Shibarium ID aims to transform the entire SHIB ecosystem. The platform’s vision is to provide a comprehensive identity platform for web3 domains.
What to Expect from Shibarium ID
Shibarium ID will offer a centralized discovery hub, allowing users to search across various supported top-level domains (TLDs). It will also enable web3 domain registration on ETH, BNB, ARB, and Shibarium mainnet. Users will have access to domain trading through an integrated marketplace. The goal is to bridge decentralized identities with the physical world and serve as a universal name service network.
Partnership with Shibarium Network and Funding Source
Shibarium ID’s integration with the recently launched Shibarium network is a significant development for the SHIB community. It will provide users with access to another decentralized app and enhance their experience with blockchain-based digital identities and domain trading. The platform is primarily funded by Poh Digital, a venture capital focused on amplifying products in the digital identity industry.
Impact on SHIB Price
At present, the SHIB price is hovering just above a crucial support level at $0.00000715. The support line on the 1-week chart will play a vital role in determining whether SHIB confirms a bullish triple bottom or experiences another price slump due to the formation of a descending triangle.
Hot Take: Shibarium ID Revolutionizes the SHIB Ecosystem
The launch of Shibarium ID marks a significant milestone for the Shiba Inu community. With its comprehensive identity platform and domain services, Shibarium ID aims to revolutionize the SHIB ecosystem. By bridging decentralized identities with the physical world and integrating with the Shibarium network, this platform enhances the overall user experience and expands the capabilities of the SHIB community. With ongoing development and dedicated funding, Shibarium ID is poised to make a lasting impact on the crypto space.
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