SHIB Now Available on Web3 Through Unstoppable Domains

Unstoppable Domains, a major provider of domain names on the Web3 decentralized network, has taken a significant step by incorporating Shiba Inu as a payment method. This development enables users who possess SHIB cryptocurrency to buy Web3 domains and establish a personalized Web3 username that is easy to read and remember, replacing the lengthy and complicated SHIB address.

#ShibArmy, can we get a woof? 🐕

You can now buy Unstoppable domains using @Shibtoken! 🐾

Claim your digital identity and replace your $SHIB address with a readable Web3 username: https://t.co/ikR58tDBiB pic.twitter.com/IxzpdcgsPM
— unstoppable.x (@unstoppableweb) March 8, 2023

Unstoppable Domains is a tech company headquartered in San Francisco that aims to decentralize the internet. They provide decentralized website services and blockchain-based domain names that are owned by users. By replacing complicated cryptocurrency wallet addresses with easily readable URLs, Unstoppable Domains simplifies the process of sending and receiving cryptocurrency payments.

Read article: Speculation Sparked Over Alameda Research and Shiba Inu Creator Ryoshi

Due to various noteworthy advancements, Shiba Inu has been gaining attention in the crypto industry. One such development is that Binance exchange has recently disclosed its proof of reserves, which indicates that it has a substantial amount of SHIB and XRP in its possession. Specifically, Binance holds up to 78.5 trillion SHIB and 2.7 billion XRP.

Furthermore, SHIB has overtaken USDC, a stablecoin pegged to the US dollar, as the third-largest digital asset held in Crypto.com’s reserve. The current value of SHIB in Crypto.com’s reserve is estimated at $677M, while the value of USDC holdings is valued at $453.59M.

John Richmond, an IRL (in real life) partner of Shiba Inu, has revealed intentions to create clothing with SHIB-themed designs for the Shiba Inu Metaverse. The Italian apparel brand has engaged with members of the Shiba Inu community to gather their preferences on clothing designs they would like to have in the virtual world of the Shiba Inu Metaverse. This shows that the popularity and growth of the Shiba Inu community and its cryptocurrency have created opportunities for collaborations and ventures beyond digital assets.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.