Shiba Inu (SHIB) News

“Strategic Collaboration with D3 to Propel Shiba Inu’s Vision for a Decentralized Identity Initiative”

Shiba Inu, a prominent cryptocurrency, announces a collaboration with internet domain company, D3, aiming to secure the highest level internet domain “.shib” (TLD) as a pivotal element of Shiba Inu’s expansive initiative towards a decentralized identity project.
Despite technological advancements and this strategic partnership, the market value of Shiba Inu’s currency, SHIB, has seen a decline.

Key Partnership:

D3, specializing in the application and management of top-level internet domains, plays a crucial role in securing and establishing new TLDs. Their expertise lies in navigating the intricate process of acquiring and establishing these domains.

Unlike current Web3 names lacking original compatibility with essential internet tools like web browsers and email, the proposed “.shib” domain aims to offer seamless integration with both traditional Internet Domain Name System (DNS) and modern Web3 technologies.

This allows users to utilize their domain in standard web browsers, potentially enhancing their digital identity and blockchain transactions.

SHIB’s Inability to Resist Bearish Trends:

Despite innovative strides in the domain arena, SHIB’s price has failed to hold ground. According to recent market data, SHIB is trading at $0.00001017, marking a 2.5% decrease. Its market capitalization stands at $5.99 billion with a 24-hour trading volume of approximately $169.65 million.

READ MORE Shibarium Surpasses 100 Million Transactions, Signaling Strong Growth for Shiba Inu's Layer 2 Blockchain

This decline aligns with broader market trends, as most cryptocurrencies, barring Binance Coin (BNB), are experiencing a downturn. Leading digital currencies like Bitcoin (BTC) and Ethereum (ETH) are also in the red zone.

Important Notice: The content of this article is for informational purposes only and should not be construed as financial advice. assumes no responsibility for any investment decisions made based on the information provided herein. It is strongly advised to seek the guidance of a qualified specialist or financial advisor before making any investment choices.

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