Shiba Inu Its developers are preparing to launch a groundbreaking SHIB identity on the blockchain. This represents another landmark project designed to help the SHIB token deliver greater benefits.
On October 28, the official Shibtoken Twitter account announced a surprise Shib Identity launch that will take place in just 72 hours.
Self-Custodial Identity Revealed by Shiba Inu
While specific details about this digital identity remain confidential, Shiba Inu described it as a revolutionary development in the blockchain space. The project also offered a $5,000 SHIB Giveaway to its community.
Leading Shiba developer Shytoshi Kusama highlighted this as one of many exciting developments in the digital asset ecosystem. Like this said
Much is on the horizon to help embrace the possibility of a peaceful world with #SHIB at its core.
Another developer, Kaal Dhairya, described the project as the first step towards establishing its own identity.
Meanwhile, the video sparked optimism within the community, with many SHIB holders looking forward to learning more about the digital identity project.
Self-Sovereign Identity Vision
Shiba’s latest statement is in line with its earlier announcement of plans to incorporate Self-Sovereign Identity (SSI) into all Shiba projects.
In August, Kusama shared her vision of creating digital identities for users. Blockchain-based digital identity aims to increase trust between users and governments by providing users with a consistent identity across all Shiba Inu projects.
Meanwhile, these projects are in line with the strategic initiative to develop Shiba Inu into a versatile utility token. Shiba Inu in particular has reached a major milestone with the successful launch of Shibarium, a layer-2 scaling solution.
This solution was rapidly adopted, with more than 3 million transactions completed according to Shibariumscan data.
Shiba Inu Price Update
Koinfinans.com As we reported, news of the new development increased the price of SHIB by more than 2% to $0.0000080 at the time of writing.
This situation, crypto- It continues the asset’s recent price upward trend, which has seen its value rise more than 10% in the past week amid a broad rally in the market.