Shiba Inu Launches 'SHIB Name Service' To Enhance Digital Identity And Blockchain Address
Portfolio Pulse from Benzinga Neuro
Shiba Inu (CRYPTO: SHIB) has launched the 'SHIB Name Service' (SNS) on the Shibarium Layer-2, aiming to simplify blockchain addresses and enhance digital identity. The service is part of the SHIBDentity system and allows users to bypass complex blockchain addresses by providing easily readable on-chain addresses. The SNS can be accessed via name.shib.io and users can use various Web3 wallets to acquire their domain. The SHIBDentity concept revolves around self-custodial authentication via Web3, decentralized verifiable credentials stored on-chain, W3C Standard Compliance, and a built-in trust system.
November 02, 2023 | 8:55 am
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The launch of the 'SHIB Name Service' could potentially increase the utility and adoption of Shiba Inu, which may positively impact its price in the short term.
The launch of the 'SHIB Name Service' is a significant development for Shiba Inu. By simplifying blockchain addresses and enhancing digital identity, the service could attract more users to the Shiba Inu ecosystem. This increased utility and adoption could potentially drive up the price of Shiba Inu in the short term.
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