Shiba Inu Partners with D3
Shiba Inu, the second-largest memecoin by market capitalization, has joined forces with Web3 company D3 to secure the .shib top-level domain. This partnership aims to establish Shiba Inu as one of the first decentralized ecosystems to launch such a feature through the Internet Corporation for Assigned Names and Numbers.
Aim of the Partnership
The main objective of this collaboration is to enhance Shiba Inu’s visibility within the mainstream Internet by creating a unique top-level domain. By following the trend of using human-readable names in the crypto space, like those offered by Ethereum Name Service, Shiba Inu aims to represent wallet addresses more intuitively and reduce errors.
Market Reaction to the Announcement
Despite this significant partnership announcement, Shiba Inu’s price has not experienced a corresponding increase. According to CoinGecko, it has actually decreased by 3% in the past 24 hours. However, over the course of a week, Shiba Inu has seen a 10% rise in price.
Hot Take: Shiba Inu Expands Its Reach with D3 Partnership
Shiba Inu continues to make waves in the crypto world with its latest partnership with D3. By securing the .shib top-level domain, Shiba Inu aims to establish itself as one of the pioneers in decentralized ecosystems. This move aligns with the growing trend of using human-readable names in cryptocurrencies and represents another step towards greater recognition within the mainstream Internet. While the market reaction may not have been immediate, this collaboration could have long-term benefits for Shiba Inu’s visibility and usability.
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