- Shiba Inu team is working with D3 to apply for and win the “.shib” internet domain, which would allow SHIB holders to have decentralized .shib domains.
- The .shib decentralized domains would be part of a broader decentralized identity project for SHIB holders to showcase ownership in a decentralized way.
- Many in the Shiba Inu community responded positively to the news, speculating on potential uses for .shib domains and asking about subdomain availability.
The Shiba Inu team is working with Web3 domain player D3 to apply for and win the “.shib” internet domain as part of a broader push toward a decentralized identity project. This would allow SHIB holders to have .shib domains.
Details on the Project
The decentralized identity project aims to give SHIB holders a way to showcase their ownership of the memecoin in a decentralized way. This will likely involve some kind of NFT or smart contract component.
Winning the .shib top-level domain would let holders have website addresses like yourname.shib on a decentralized domain system. This TLD would only be usable by SHIB holders.
The team said D3’s decentralized domain system has a number of benefits over traditional DNS systems. It removes central authorities and gives users more control and privacy.
Response from the Shiba Inu Community
Many members of the SHIB community responded positively to the news on social media. They seem excited about the potential of decentralized domains.
Some community members speculated on possible uses for .shib domains, like creating shiba-themed web pages or using them for online identities and profiles.
Others asked about the possible availability of subdomains if .shib becomes an official TLD. There could be interest in addresses like yourname.bones.shib or yourbusiness.bury.shib.
The team will work with D3 to submit an application for the .shib TLD. If approved, holders would be able to claim .shib domains, likely through some kind of staking or bidding process.
The decentralized identity project built on top of .shib domains would follow later, after the TLD is secured. This project could introduce new utilities and benefits for SHIB holders.
The potential addition of .shib domains and a decentralized identity platform would give the Shiba Inu community more ways to engage with the memecoin and expand its ecosystem. The team hopes it will showcase SHIB’s utility and adoption. But the TLD first needs to be secured from ICANN before any of this can begin.