Shiba Inu (SHIB) has introduced Blockchain Identity Project
The developers of Shiba Inu are preparing to launch an amazing SHIB identity on the blockchain. This represents another landmark project designed to help the SHIB token gain more utility.
On October 28th, the official ShibToken Twitter account announced that a surprise Shib ID will be held within 72 hours.
The essence of self-cultivation revealed by the Shiba Inu
While certain details about this digital identity remain under wraps, Shiba Inu describes it as a revolutionary development in the blockchain sphere. The project provided the community with a $5,000 SHIB grant.
Renowned Shiba developer Shitoshi Kusama highlighted it as one of the many exciting developments in the digital asset ecosystem. he said:
“So many things on the horizon to embrace the possibility of a peaceful world with #SHIB as a base.”
Another developer, Kaal Dhairya, described the project as the first step towards a self-sustaining identity.
Read more: Best Crypto Signup Bonuses in 2023
Meanwhile, the video has sparked optimism in the community, with many SHIB owners eagerly awaiting more information about the digital identity project.
A vision for self-sovereign identity
Shiba's latest revelation coincides with previous plans to include Self-Sovereign Identity (SSI) in all Shiba projects.
In August, Kusama shared her vision of creating digital identities for consumers. Blockchain-based digital identification aims to build trust between users and governments to provide users with a consistent identity across all Shiba In projects.
Meanwhile, these projects align with Shiba Inyu's strategic initiative to turn it into a multi-purpose utility token. In particular, Shiba Inu has achieved significant milestones with the successful introduction of Shibarium, a layer-2 scale solution.
This solution has seen rapid adoption, with Shibariumscan data showing that it has completed more than 3 million transactions.
Shiba Inu price update
According to data from BeInCrypto, the news of the new development increased the price of SHIB by more than 2% to $0.0000080.
This continues the asset's recent rally, which saw its value rise by more than 10% last week amid a broader crypto market rally.
Read more: Best 9 Telegram Channels for Crypto Signals in 2023
Disclaimer
Adhering to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news report aims to provide accurate and up-to-date information. However, readers are advised to independently verify facts and consult with professionals before making any decisions based on this content.
