As an experienced analyst, I’m excited about the latest development in the Shiba Inu ecosystem with D3 Global launching the beta version of its D3 Marketplace for trading SHIB Name Tokens. Having followed the cryptocurrency market closely and witnessed the integration of TLDs within it, this is a significant step forward.
I, as an analyst, would like to bring your attention to the recent announcement made by D3 Global, a reputed DNS domain provider and a partner of Shiba Inu. They have officially unveiled the beta version of their D3 Marketplace. This innovative platform offers a fresh trading experience for SHIB Name Tokens.
Users can now engage in buying, selling, or proposing deals on Name Tokens at the D3 Marketplace, with a primary focus on Shiba Inu-inspired top-level domain (TLD) names to begin with. Presently, the following TLDs are supported: .shib and .core. Preliminary indications point towards a seamless transaction experience, allowing users to complete transactions directly within the Web3 environment.
As an excited crypto investor, I’m thrilled to share that the D3 Marketplace Beta is now live! I, along with other D3gens, can now access the platform and engage in buying, selling, and making offers on Name Tokens. D3 made the official announcement on X, emphasizing the immediate availability of this innovative trading experience for those eager to dive in.
What The Shiba Inu Army Can Expect
An in-depth analysis of the market reveals a convenient search function where users can look up the accessibility of particular Top-Level Domain (TLD) names. Upon finding a desired name, it can be purchased for around $10 per year. Payment methods encompass both cryptocurrencies and regular credit cards.
The marketplace boasts a distinctive advantage – the acceptance of Shiba Inu ecosystem tokens, SHIB and BONE, for transactions. This functionality is made possible by Shibarium, an integrated layer that streamlines the process by eliminating the need for transferring these tokens to the Ethereum network before making payments.
Back in December 2023, Shiba Inu took the lead in introducing a Top-Level Domain (TLD) into the cryptocurrency market. Subsequently, other prominent crypto projects such as Gate.io, Casper Network, Core Network, and Viction collaborated with D3 to create their own TLDs.
The Shib Name serves multiple purposes in the web3 world: it can be used as a username on various cross-platforms and wallet addresses spanning different blockchain networks. Furthermore, it functions as an infrastructure identifier. In simpler terms, the company explained that Shib Name Tokens act as universal labels streamlining user experiences across numerous decentralized applications.
The Shib Name Tokens have generated significant market demand from day one. During their initial sale in March, thousands were snapped up, including coveted names like ‘myshib,’ which went for $2,000. D3 has established a base registration fee of $10 per year, with additional premium features offered at higher pricing tiers.
The D3 team expects the beta stage of the marketplace to last for several months. During this time, they will work on addressing any technical glitches that may arise, in preparation for the mainnet release. However, a definitive launch date has yet to be announced.
At press time, SHIB traded at $0.00002423.
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2024-05-24 18:41