MEXCShiba Inu Devs Launch Shib Name Service (SNS); Will SHIB Price Rally?
Shiba Inu developers have have initiated a ‘surprise’ step towards a unique SHIB self custodial identity. Today they announced launch of Shib Name Service (SNS). This leaves scope for a potential SHIB price rally in the lead up to the countdown.
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The announcement comes at the back of the launch of Shibarium, the layer-2 scaling solution for the Shiba Inu (SHIB) cryptocurrency. Earlier, CoinGape reported that the project’s top developers plan to incorporate Self Sovereign Identity (SSI), a blockchain-based digital identity system into all Shiba Inu projects.
SHIB Self Custodial Identity
Although the developers have not disclosed full details of the self custodial identity initiative, they said a 72 hour countdown is already underway. Hence, instructions on how to go about the first step to unlock the unique SHIB identity would be released on Wednesday, 1 November, 2024. Shiba Inu (SHIB) developer Kaal Dhairya said the first step towards self custodial identity on the ecosystem was coming. The developers described the initiative as a game changer that causes “a seismic shift in the blockchain world.”
“Attention, Shib Army! We all love a good surprise, and yours is on the horizon – the very first step to unlock your unique Shib identity is just 72 hours away!”
Following the launch of the 72 hour countdown, the SHIB price took a sharp upward curve path.
Self Sovereign Identity
On August 3, 2023, Shiba Inu’s lead developer Shytoshi Kusama revealed plans to integrate SSI Self Sovereign Identity in all Shiba Inu projects. The upcoming announcement may most likely be based on the SSI integration.
Today, Shiba Inu team officially announced release of Shib Name Service (SNS) using which any Shib holder can get their own Shiba Inu name.
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