Shytoshi Kusama Unveils Plans for Shiba Inu’s Web3 Development
Shytoshi Kusama, the lead developer of Shiba Inu, has revealed exciting project development plans that have generated optimism in the crypto market. In a recent post on social media, Kusama announced the community’s efforts to create a “network state” to revolutionize Web2 and Web3 collectively.
This announcement has also had an impact on the price of SHIB, with a brief slip observed at the time of writing. This price movement has led to further speculation about the meme coin.
Collaboration with D3 Inc.
Kusama has highlighted the collaboration between the Shiba crypto community and D3 Inc., a domain company. Together, they aim to apply for a “.SHIB” Top Level Domain (TLD) to make their presence felt on the internet. By leveraging the popularity of Web2 infrastructure, they hope to tap into the growing number of internet users.
The establishment of a domain that works seamlessly with web browsers and emails is expected to fuel optimism for the SHIB token. Additionally, this collaboration aims to enhance SHIB tokenomics through domain-building.
Kusama also emphasized the significance of domains in navigating Web3 and created curiosity around the potential of a “.SHIB” domain.
Web2 and Web3 Interoperability
Currently, Web3 names like .crypto and .eth operate independently from Web2 internet tools. However, with the introduction of the .SHIB domain, Shiba Inu aims to bridge this gap and become the first ecosystem to achieve interoperability between Web2 and Web3 using DNS.
Shiba Inu Price Update
At the time of writing, the Shiba Inu price has experienced a marginal increase of 1.70% over the past 24 hours, trading at $0.00000555. The token’s trading volume has also seen a significant surge, rising by 67.8% to reach $299.38 million.
Hot Take: Shiba Inu’s Ambitious Plans for Web3
Shytoshi Kusama’s unveiling of Shiba Inu’s plans for Web3 development has created excitement and optimism in the crypto market. The collaboration with D3 Inc. to obtain a “.SHIB” domain demonstrates the community’s ambition to tap into Web2 infrastructure and enhance the SHIB token’s prospects.
Moreover, by bridging the gap between Web2 and Web3 interoperability, Shiba Inu aims to establish itself as a leading ecosystem in this space. The price movement and increased trading volume further indicate growing interest and potential for the meme coin.
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