Shiba Inu has announced a partnership with D3 Global, a leading domain company, aiming to become the first Web3 protocol to apply for its top-level domain (TLD). This revelation was made in the latest edition of Shib Magazine.
A TLD is the last part of a domain name, such as .com, .net, or .org. TLDs play a crucial role in categorising and identifying websites. Their management falls under the purview of the Internet Corporation for Assigned Names and Numbers (ICANN).
Shiba Inu aims to establish a decentralised TLD. This allows users to register their .shib names and contribute to the global domain name system (DNS). This initiative aims to provide users with a distinct digital identity compatible with Web2 and Web3 applications.
Acquiring a TLD (Top-Level Domain)
While some Web3 protocols have introduced their domain names, like .eth, it’s essential to note that these are not actual TLDs. They need integration with the domain name system. Consequently, they may only seamlessly resolve in some web browsers.
Securing a TLD is a complex and time-consuming process. It necessitates approval from ICANN, involving a meticulous and extended application procedure. Additionally, garnering community support is crucial, as ICANN considers public interest and the potential impacts of introducing a new TLD.
For instance, protocols like Ethereum would face challenges seeking ICANN approval for the .eth domain in the global DNS. Shiba Inu positions itself as the inaugural Web3 project to initiate this application. It has plans to submit it during the next application window.
Shiba Inu Teams Up with D3 Global
In pursuit of its ambitious objective, Shiba Inu has forged a partnership with D3 Global. D3 Global is a domain company specialising in bridging the gap between Web2 and Web3. It is led by Fred Hsu and Shayan Rostam, industry veterans with decades of experience. D3 Global aims to facilitate a seamless transition between the two web paradigms.
Fred Hsu, CEO of D3 Global, highlighted the significance of this collaboration, stating, “This digital identity unlocks a world of possibilities, ensuring that users can maximise the potential of their names.”
The partnership aims to introduce .shib name tokens, providing users with a straightforward and cost-effective means to leverage Web3 benefits, including enhanced security, privacy, and interoperability.
Shytoshi Kusama, the lead developer at Shiba Inu, expressed pride in pioneering decentralisation. Kusama noted that the initiative with D3 marks the first instance of a Web3 project securing a stake in the internet.