{"id":67195,"date":"2023-12-20T05:57:58","date_gmt":"2023-12-20T09:57:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=67195"},"modified":"2023-12-20T05:58:01","modified_gmt":"2023-12-20T09:58:01","slug":"shiba-inu-team-plans-to-launch-shib-domain-for-shib-holders","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/shiba-inu-team-plans-to-launch-shib-domain-for-shib-holders\/","title":{"rendered":"Shiba Inu Team Plans to Launch \u2018.shib\u2019 domain for SHIB Holders"},"content":{"rendered":"\n

The Shiba Inu memecoin <\/a>development team has applied for a “.shib” domain, which operates natively on the internet's domain name system (DNS).<\/p>\n\n\n\n

\"Shiba
Shiba Inu Team Plans to Launch \u2018.shib\u2019 domain for SHIB Holders<\/figcaption><\/figure>\n\n\n\n

“We are collaborating with @ShibToken to apply for and acquire the.shib Top-Level Domain (TLD),” internet domain company D3 announced on X (formerly Twitter) on December 19. D3 is mainly concerned with domains of the next iteration that facilitate compatibility between Web2 and Web3.<\/p>\n\n\n\n

\n

We're partnering with @ShibToken\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to apply for and obtain the .shib Top-Level Domain (TLD) \ud83e\udd1d

Learn more here \ud83d\udc49 https:\/\/t.co\/ZBWtO4ubtA<\/use><\/svg><\/span><\/a> pic.twitter.com\/zO3rZPavWi<\/use><\/svg><\/span><\/a><\/p>— D3 (@D3inc) December 19, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

D3's website states that because it does not rely on the Domain Name System <\/use><\/svg><\/span><\/a>(DNS), current Web3 names such as “.crypto” and “.eth” do not function natively with widely used internet applications such as web browsers and email.<\/p>\n\n\n\n

Conversely, while Web2 domains such as “.com” and “.net” function via the Domain Name System (DNS), they lack inherent functionality with Web3 applications such as wallets and digital identity solutions.<\/p>\n\n\n\n

Approval would grant Shiba Inu memecoin holders the ability to generate email addresses appended with the “.shib” suffix. D3 states that it would be compatible with standard email applications.<\/p>\n\n\n\n

ICANN, the nonprofit organization based in the United States that establishes and enforces policies regarding the identifiers of the internet, is the entity to which D3 is required to apply.<\/p>\n\n\n\n

\n

To truly understand why today's announcement is so important, one must ask…what is Web 3?

I guess a better question is… what is the **promise** of Web 3? pic.twitter.com\/Eam8Zh4OBe<\/use><\/svg><\/span><\/a><\/p>— Shytoshi Kusama\u2122 (@ShytoshiKusama) December 19, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

The internet domain company also intends to introduce “name tokens” for SHIB users. This feature will eliminate the requirement for lengthy alphanumeric storage addresses when transferring digital assets<\/a> to different blockchains.<\/p>\n\n\n\n

CoinGecko data indicates that SHIB's price has declined by less than 1% since D3 disclosed the announcement, in no response to the news.<\/p>\n\n\n\n

September also marked the one-millionth user of the Shibarium network, a new layer-2 blockchain developed by Shiba Inu. Despite being in private mode, the Shiba Inu team has declared their intention to launch the blockchain publicly within the next few months.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Shiba Inu memecoin development team has applied for a “.shib” domain, which operates natively on the internet’s domain name system (DNS). “We are collaborating with @ShibToken to apply for and acquire the.shib Top-Level Domain (TLD),” internet domain company D3 announced on X (formerly Twitter) on December 19. D3 is mainly concerned with domains of […]<\/p>\n","protected":false},"author":12,"featured_media":11663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[17618,5564,10866,645],"class_list":["post-67195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-shib-domain","tag-shib-2","tag-dns","tag-shiba-inu"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/Robinhood-could-make-Shiba-Inu-more-popular-is-this-a-green-light-to-SHIB.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=67195"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/67195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11663"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=67195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=67195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=67195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}