Popular meme coin Shiba Inu (SHIB) shared an exciting development last week that aims to shape the future of digital identity within the cryptocurrency ecosystem. In a 9-part tweet thread, the SHIB team unveiled plans for “Shibdentity” – a new system of digital identities on the upcoming Shibarium layer-2 network.
“2024 will be the year of Shibdentity,” the thread kicked off, explaining the collaboration with blockchain infrastructure company D3 to create unique “Shib Names” that will serve as secure, unified digital identities. These Shib Names will provide users will an intuitive way to manage their online presence and “do more and be more” across web3 platforms.
As explained in the announcement, “In the virtual realm, who you are is defined by how you’re recognized. You have a unique, recognizable identity in the form of a username here on Twitter, so why not in Web3?” Shib Names will fulfill that role, futureproofing identity within the expanding Shiba Inu ecosystem.
The goal is to eventually progress Shib Names from *SHIB to .SHIB to #InvadeTheInternet as a “universal key, opening doors across the web.” D3’s expertise in domain infrastructure will help make this vision a reality by ensuring Shib Names integrate smoothly into internet protocols.
SHIB shared its “steadfast focus” remains on the bigger picture – shaping the standards of digital identity as technology continues rapidly evolving. The first step launches soon with *SHIB Names on the Shibarium layer-2 network.
The announcement closes by thanking the vibrant SHIB community for supporting innovation within the ecosystem, even during the ongoing crypto winter. SHIB is currently trading down 15% over the past month around $0.000009. However, developments like Shibdentity show the project aims to lead web3 despite market conditions.
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