Shiba Inu Team Introduces New Blockchain Identity Project and $5,000 SHIB Giveaway.
Shiba Inu developers are on the verge of launching a new blockchain-based identity solution characterized as the game-changer that will shake the crypto world.
The team behind Shiba Inu has initiated a countdown to launch a new blockchain-based identity project for SHIB.
According to an October 28 announcement, the SHIB identity project will take place in 72 hours from the time of the post.
Shib’s official X handle announced, saying that a surprise is on the horizon.
Shib Army, brace for a seismic shift in the blockchain world! ?
? Attention, Shib Army! We all love a good surprise, and yours is on the horizon – the very first step to unlock your unique Shib identity is just 72 hours away!⏳
? Plus, here’s your ticket to the $5,000 SHIB… pic.twitter.com/P9XzJOBGcy
— Shib (@Shibtoken) October 28, 2023
It is worth noting that the team did not share specific details about the upcoming digital identity project. However, it attached a video to the X post, which suggests that the identity solution might be incorporated into various Shiba Inu-related projects.
The video first displayed the Shiba Inu logo on a concrete wall with different phrases like “WOOF,” “SHIB IS SHIB,” “NEW SHIB PRODUCTS,” “SHIB NEWS,” and “Visit Shib.io.”
Interestingly, Shiba Inu described the identity project as one that would shake the entire crypto sphere.
Team Announces $5K Giveaway
To celebrate the upcoming launch of the project, the Shiba Inu team announced a $5,000 SHIB giveaway. Interested Shiba Inu community members are required to perform simple tasks, including liking and reposting the official announcement.
At press time, the X post announcing the giveaway had gotten over 9,500 likes and 6,500 retweets.
Top Shiba Inu Team Members React
Meanwhile, the announcement stirred reactions from top Shiba Inu team members, including lead developer Shytoshi Kusama and another top developer, Kaal Dhairya.
Reacting to the upcoming launch of the identity solution, Kusama revealed that “many things are on the horizon to help embrace the possibility of a peaceful world with #SHIB as the foundation.”
Furthermore, Dhairya described the project as the first step towards self-custodial identity.
First step towards your self custodial identity is coming https://t.co/TpU3rEwJY0
— Kaal (@kaaldhairya) October 28, 2023
Solution Aligns with SSI
Although specific details about the project remain unknown, the solution aligns with Shiba Inu’s plans to integrate a self-sovereign identity (SSI) into its ecosystem.
As reported in August, Kusama unraveled the intricacies of the SSI solution, highlighting its importance to Shiba Inu and Shibarium, the cryptocurrency’s L2 blockchain solution.
He explained that SSI enables community members to secure their identities like they secure their crypto assets with private keys.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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