Shiba Inu Lead Dev Unveils Crazily Bullish Vision For 2024 — $0.001 SHIB Price Highly In View

Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), has urged the community’s commitment to its core mission amidst “distractions” in the crypto space.

While the broader market is abuzz with discussions of the approval of a spot Bitcoin ETF and recent hacks on the SEC’s official X account, Kusama redirected the focus to the creation of a “Network State” emphasizing the importance of Web3 and introduced the concept of Shiba Name Tokens.

“Hey, SHIBARMY! While everyone is focused on approved or not, hacked or not, we remained focused on creating what we said we would,” Kusama tweeted on Wednesday.

Beginning the lengthy post, Kusama reminded his 954,000 followers that Shiba Inu is collaborating with domain name startup D3 to apply for the “.shib” Top-Level Domain (TLD).

According to the pundit, despite the entire crypto market boasting only 425 million users, the internet gained 198 million new users in the past year, making the .shib domain initiative a strategic move aimed at tapping into the infrastructure used by a staggering 5.3 billion internet users worldwide.

The lead developer emphasized the role of domains as the identity layer of the Internet, highlighting their ease of use for over 40 years. In his view, if the .shib TLD is approved, it would allow Shiba Inu to build a comprehensive identity layer across the Internet, accessible without the need for special software, wallets, plugins, or extensions. 

Kusama further painted a vivid picture of the potential applications of .shib domains, envisioning a future where users can host websites, blogs, online stores, send and receive emails, transfer digital assets, and establish their identity on Web3 platforms. The lead developer then urged the community to join the whitelist for early access, heralding a revolution in digital identity and a collective effort to “InvadeTheInternet” with .shib.

That said, this strategic initiative aligns with Shiba Inu’s broader vision of bridging Web2 and Web3 interoperability, making it the first ecosystem to seamlessly integrate Domain Name System (DNS) with a crypto-specific top TLD. Meanwhile, as the project progresses, Shiba Inu anticipates becoming a pioneering force in reshaping how the world perceives digital identity and engagement on the Internet.

With the thriving activity in the Shibarium network helping SHIB to keep growing, the cryptocurrency community is watching with bated breath to see if this momentum will carry SHIB to the much-desired milestone of eliminating three zeroes from its worth and beyond to reach $0.001.