The team behind the Shiba Inu (SHIB) protocol has announced a new exclusive “partnershib” with D3, an established Web2.0 company, geared towards bringing a game-changing development to the SHIB ecosystem.
New Partnershib to Pivot Shiba Inu (SHIB)
Shytoshi Kusama, the lead developer of Shiba Inu recently hinted at a major partnership in the ecosystem. As is his custom, he refused to divulge details about the deal but the wait is finally over with this new announcement. D3 announced its strategic partnership with Shiba Inu, showcasing the direct linkage between the firm, and the highly hyped Shiba Inu ecosystem.
This partnershib is targeted towards taking digital identities to unprecedented levels. Ultimately, the goal is to secure the .shib Top-Level Domain (TLD) which is seen as the “Holy Grail” of the digital asset ecosystem. The .shib TDL holds so much value that its usefulness cannot be overemphasized.
For context, TLDs are the last set of characters in any web address that comes after the dot, such as “.com,” “.org,” or “.net.” It is worth noting that each of these TDLs are peculiar to different registers. Usually “.com” is commonly used for commercial websites, “.org” is designated for organizations, and “.net” is utilized for network-related sites.
“The Domain Name System (DNS) is a system that locates and converts Internet domain names from a database into Internet Protocol (IP) addresses. Your browser utilizes the IP address to identify the web server that is hosting the corresponding domain name,” per a published statement by The Shib.
Following this, Shiba Inu users can get customized domain names with “.SHIB” extension, bringing simplicity that can help onboard non-native crypto users into the Shiba Inu ecosystem. With this innovation, Shiba Inu will also join other top protocols like Ethereum (ETH) and Solana (SOL) that have introduced similar domain names in the past
SHIB Sustains Positive Performance
Following the announcement, Shiba Inu has continued its uptrend from earlier in the day.
Apart from its impact on the ecosystem generally, this move is likely to also trigger a price surge for the SHIB token. Other updates including news about its Layer-2 scaling solution Shibarium are currently contributing significantly to the outlook of the coin. At the time of this writing, SHIB is trading at $0.0000101, up 1.4% in the past 24 hours.
Shiba Inu has stayed resilient since it reclaimed one zero in its price. The digital currency has combated some bearish sentiments in recent times, however, this partnership and the projected hype that might trail the “.SHIB” domain hunt may help it end the year on a stellar note.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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