Shiba Inu Unleashes Plans for ‘.shib’ Domain, a Game-Changer for SHIB Investors

Crypto News- The team steering the Shiba Inu (SHIB) memecoin has just taken a significant stride in bolstering its online presence by applying for an exclusive “.shib” domain through the internet’s domain name system (DNS). Collaborating with the internet domain firm D3, known for specializing in next-gen domains that foster interoperability between Web2 and Web3.

Shiba Inu Unleashes Plans for ‘.shib’ Domain, a Game-Changer for SHIB Investors

D3 shed light on the limitations of existing Web3 domains like “.crypto” and “.eth,” pointing out their lack of native compatibility with widely-used internet tools like web browsers and email due to their non-DNS operation. Conversely, Web2 domains such as “.com” and “.net” operate on the DNS but lack seamless integration with Web3 tools like wallets and digital identity solutions.

Pending approval by the Internet Corporation for Assigned Names and Numbers (ICANN), holders of the Shiba Inu memecoin could soon craft email addresses adorned with the distinctive “.shib” suffix. These addresses would seamlessly integrate with regular email applications, presenting a unique branding opportunity for the SHIB community.

Venturing into the Digital Frontier: SHIB’s .shib Domain Application

In an additional move, D3 is gearing up to introduce “name tokens” tailored for SHIB users. This initiative aims to provide a streamlined solution for sending digital assets across various blockchains, doing away with the need for cumbersome alphanumeric wallet addresses.

Interestingly, despite this noteworthy development, the price of SHIB remained relatively stable, exhibiting only a marginal decrease of less than 1%, as per CoinGecko data.

On a separate note, Shiba Inu’s novel layer-2 blockchain, the Shibarium network, marked a significant milestone in September by reaching 1 million users. While the blockchain currently operates in private mode, the Shiba Inu team has expressed their intent to unveil it to the public in the upcoming months, hinting at promising advancements within the SHIB ecosystem.