If things go well, Shiba inu developers will offer ‘name tokens’ based on .shib, eliminating the need for its community to create long, alphanumeric crypto wallet addresses to link assets between multiple blockchains.
Special Points 🔥
- 1.Top-level domain will work with Web3 elements like crypto wallet
- 2.It will also be compatible with traditional email applications
- 3.Shib Team has partnered with D3 to provide ‘.shib’ usernames
The developers of the popular memecoin Shiba Inu have decided to bring a new offering to their investor community.
Complete update about Shiba inu token
The Shiba Inu team has applied to acquire the ‘.shib’ domain, which, if approved, will allow members of its community to create email addresses with the ‘.shib’ suffix.
This top-level domain (TLD) will work seamlessly with Web3 elements like crypto wallets and will be compatible with traditional email applications.Currently, Web3 domains like .crypto and .eth are in vogue, which do not work natively with important Internet tools like web browsers and email.
This is because they do not work on the traditional Web2 Domain Name System (DNS).The Shib team has partnered with D3, an internet domain firm, to provide these ‘.shib’ usernames to its community members. Founded in 2023, D3 aims to create next-generation domains that will be interoperable between Web2 and Web3.
Meme Coin aims to apply for a TLD (top-level domain) for .shib with ICANN. The non-profit organization is known for maintaining many aspects of the Internet.Unstoppable Domains and Ethereum Name Service already offers services for claiming domain names ending in .crypto or .eth.
However, these domains can only be directed to crypto wallets and not to websites accessible via browser. As of now, no crypto-themed domain name connects to the DNS (Domain Name System). The Shiba Inu team is trying to change this by becoming the first crypto domain to enter the mainstream Internet.
For this reason, it has partnered with the famous infrastructure provider D3 Global. The parties will cooperate in an effort to expedite the acquisition of the TLD by Shiba Inu. The situation was addressed by Shiba Inu’s lead developer Shitoshi Kusama.
According to Shitoshi, the partnership with D3 will enable Shiba Inu to expand beyond its ecosystem. Establishing direct access to the SHIB ecosystem will expose Shiba Inu to five billion Internet users.Adding a real domain to SHIB is huge, as it will expand the team’s approach to virtual identity.
This will also drive Shiba Inu’s long-term revenue generation pipelines in the ecosystem, the lead developer said.It will take time to know whether this application is successful or not. ICANN was first seen providing such services for applications in 2012. This application cycle brought domains like .app and .xyz to the market.
The domain startup posted an official update about its partnership with Shib on its X handle.
As part of the process involving SHIB’s application for this new domain, D3 will first seek approval from the Internet Corporation for Assigned Names and Numbers (ICANN), a US-based non-profit organization that oversees the Internet’s identifiers. Makes and implements policy.
If things go well, Shib developers will offer ‘name tokens’ based on .shib, eliminating the need for its community to create long, alphanumeric crypto wallet addresses to link assets between multiple blockchains.At present, there has been no change in the price of Shiba Inu. At the time of writing, the price of SHIB was $0.000010 (approximately Rs 0.000850).
Conclusion
In summary, the Shiba Inu team’s proposal for the ‘.shib’ domain, in partnership with D3, demonstrates a proactive effort to integrate Web2 and Web3 technologies. Approval of this initiative would provide the Shiba community with versatile email addresses that function across diverse platforms, enhancing compatibility with current and future Internet tools.
