Shiba Inu developers have initiated a ‘surprise’ step towards a unique SHIB self-custodial identity. Today they announced the launch of Shib Name Service (SNS). This leaves scope for a potential SHIB price rally in the lead-up to the countdown.
The announcement comes at the back of the launch of Shibarium, the layer-2 scaling solution for the Shiba Inu (SHIB) cryptocurrency. The project’s top developers plan to incorporate Self Sovereign Identity (SSI), a blockchain-based digital identity system into all Shiba Inu projects.
Although the developers have not disclosed full details of the self-custodial identity initiative, they said a 72-hour countdown is already underway. Hence, instructions on how to go about the first step to unlock the unique SHIB identity will be released on Wednesday, 1 November 2024.
Shiba Inu (SHIB) developer Kaal Dhairya said the first step towards self-custodial identity in the ecosystem was coming. The developers described the initiative as a game changer that causes “a seismic shift in the blockchain world.
On August 3, 2023, Shiba Inu’s lead developer Shytoshi Kusama revealed plans to integrate SSI Self Sovereign Identity in all Shiba Inu projects. The upcoming announcement may most likely be based on the SSI integration.
Today, the Shiba Inu team officially announced the release of the Shib Name Service (SNS) using which any Shib holder can get their own Shiba Inu name.