The Shiba Inu (SHIB) ecosystem is set to embrace a blockchain-based digital identity as part of its upcoming developments, according to Shib, the official Twitter account of the project. Lead developer Shytoshi Kusama intends to integrate Self-Sovereign Identity (SSI) across all Shiba Inu projects, granting users complete control over their digital identities.
SSI, akin to digital passports, offers a solution for proving identity in the digital realm. With SSI, users can determine how their digital identities are stored and utilized, ensuring data control and privacy.
🔓 Unlocking a new digital era, Shibarium will restore and enhance trust! 🚀 @ShytoshiKusama unveils the plan to integrate SSI Self-Sovereign Identity in all Shiba Inu projects during his discussions with @CoinDesk #SummerOfShibarium 🔥 https://t.co/tqWKCM5Nuw
— Shib (@Shibtoken) August 3, 2023
Read Also: Shiba Inu (SHIB) Sets a Notable All-Time High as Community Awaits Shibarium
Notably, the implementation of Shibarium SSI, as highlighted by Shiba Inu influencer Lucie, brings five major advantages for all token holders within the ecosystem:
1. Control Your Data: Users can take charge of their personal data, maintaining sovereignty over their identities.
2. Self-Custody: Securely store and manage your digital identity without intermediaries.
3. Portability: Seamlessly move your digital identity across different platforms and services.
4. ZK (Zero-Knowledge) Compliant: Enjoy enhanced privacy protection through zero-knowledge proofs.
5. Secure Gateway: Use Shibarium SSI as a key to ensure a secure and reliable digital identity.
ShibariumSSI: Control your data, stay private!
1️⃣ Self Custody
2️⃣ Portability
3️⃣ ZK Compliant
4️⃣ Secure
5️⃣ GatewayYour key to secure identity! #PrivacyMatters 🐶💪 #SummerOfShibarium $BONE $SHIB $LEASH pic.twitter.com/XUemN8KuoU
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 3, 2023
Excitement is mounting as the highly anticipated Shiba Inu layer-2 scaling solution, Shibarium, approaches its launch. Shib reports substantial growth within the community, with a notable 22% surge in the number of addresses holding SHIB tokens over the past week. This surge showcases the increasing interest and support for the project among investors and enthusiasts, forming a dedicated community known as SHIBARMY.
As Shiba Inu prepares to integrate digital identities through Shibarium SSI and witnesses growing adoption and community support, its journey as a prominent blockchain project appears set to continue.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: CEO Expresses Optimism about Shiba Inu (SHIB) Using Shibarium to Reach $0.01
Shiba Inu (SHIB) Now Accepted by Over 300 Beauty Brands Worldwide
Shiba Inu (SHIB) is now accepted by over 300 beauty brands worldwide, as the memecoin continues to expand its reach beyond the cryptocurrency market.
The news was announced by the SHIB team on Twitter, who said that the acceptance of SHIB by beauty brands is a “major milestone” for the project.
The list of beauty brands that accept SHIB includes Purse, YesStyle, and Beauty Bay. Purse is a marketplace for buying and selling luxury goods, while YesStyle is an online retailer of Asian fashion and beauty products. Beauty Bay is a UK-based retailer of cosmetics and skincare products.
The acceptance of SHIB by beauty brands is a sign that the memecoin is gaining mainstream acceptance. It is also a way for beauty brands to reach a new audience of potential customers.
The SHIB team said that they are “excited to see how this partnership will help to grow the SHIB ecosystem.”
The acceptance of SHIB by beauty brands is just one of the many recent developments that have helped to boost the memecoin’s price. In the past few weeks, SHIB has seen its price increase by over 20%.
The increasing acceptance of SHIB and the growing number of people who are holding the memecoin are both positive signs for the project. It is possible that SHIB could continue to grow in popularity in the coming months.
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