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HomeCrypto NewsMarketUsers Can Now Purchase Web 3 Domains With Shiba Inu

Users Can Now Purchase Web 3 Domains With Shiba Inu

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Unstoppable Domains Adds Shiba Inu (SHIB).

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Unstoppable Domains, the leading provider of Web3 domains, has made a significant move by adding Shiba Inu as a form of payment. This exciting development allows individuals who hold SHIB to purchase Web3 domains and create a unique, human-readable Web3 username, replacing their SHIB address.

San Francisco-based Unstoppable Domains is a technology company that has set out to decentralize the internet by offering services such as decentralized websites and user-owned blockchain-based domain names. Unstoppable Domains replaces complex cryptocurrency wallet addresses with readable URLs. Consequently, it makes sending and receiving cryptocurrency payments easier.

Recent Developments

Shiba Inu has recently been making waves in the crypto world with several significant developments. Recently, Binance has updated its proof of reserves to reveal that it holds up to 78.5 trillion SHIB and 2.7 billion XRP.

In addition, SHIB has surpassed Circle and Coinbase’s USD-pegged stablecoin USDC to become the¬†third-largest digital asset¬†held in Crypto.com’s reserve, with a current value of $677M compared to USDC holdings worth $453.59M.

Furthermore, John Richmond, an IRL partner of Shiba Inu, has announced plans to design SHIB-themed apparel for the Shiba Inu Metaverse. The Italian clothing brand has reached out to members of the Shiba Inu community to get their input on the clothing designs they would like to wear in the virtual world of the Shiba Inu Metaverse.

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Binance US will also be acquiring 4T Shiba Inu from bankrupt Voyager; this will help contain Voyager from dumping billions of Shib into the market.

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Author

Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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