Big Changes Ahead: SHIB Embraces Next-Level Evolution

Shytoshi Kusama, a key Shiba Inu (SHIB) developer, advocates moving beyond memes and lore towards practical utility.

Teaming up with D3 Global, SHIB community members can now create .shib domains, laying the groundwork for a decentralized identity system.

Kusama emphasizes the need for tech standards to support global progress, prioritizing this shift for better adoption and more impactful token burns. The partnership with D3 Global will integrate shib name tokens into the Shib Name Service, enriching users’ Web3 experiences.

Users securing these domains will obtain .shib addresses, distinct from Ethereum’s system. This initiative enables full ownership of decentralized website and email addresses, setting apart from centralized .com domains like Netflix and Amazon.

Kusama anticipates the partnership as a milestone for Shiba Inu’s journey. The move towards a decentralized internet aligns with Shibarium’s launch, a layer-2 Ethereum network experiencing a 50% surge in transactions.

The Manny Pacquiao Foundation’s adoption of Shibarium allows SHIB donations for events with automatic tax receipts. Amidst Bitcoin’s rally, the altcoin market has hit $700 billion, with BONK as the third-largest dog-themed memecoin after Dogecoin and SHIB, which has grown by 21.1% to $0.00001020 in a year.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.