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Shiba Inu: D3 Announces Trading of Shib Name Tokens

source-logo  thecryptobasic.com 24 May 2024 10:19, UTC

Prominent DNS domain provider D3 Global has announced the beta launch of the D3 marketplace, a platform where users can trade Shiba Inu (SHIB) Name Tokens.

According to D3, users can now access the beta version of the marketplace, where they can buy, sell, or make offers on supported Name Tokens, including Shiba Inu-based ones.

A glance at the marketplace shows that D3 currently supports only two top-level domain (TLD) name extensions, such as .shib and .core.

Notably, D3 Global attached a screenshot to the tweet, showing users can buy .shib or sell their .core TLDs.

🚨 D3 Marketplace Beta is Live! 🚨

D3gens, the D3 Marketplace has officially launched in beta and you can now buy, sell and make offers on Name Tokens 💪 pic.twitter.com/xeDDlmmfOp

— D3 (@D3inc) May 23, 2024

D3 Marketplace Beta Features

The marketplace is equipped with a search box that users can use to ascertain whether a particular name is available.

If available, the user will be required to pay for the TLD name, which costs about $10 for a year subscription at press time. D3’s supported payment methods are crypto and credit card. Consequently, users paying with crypto will have to connect their wallets and proceed to make payments.

Interestingly, Shiba Inu ecosystem tokens, SHIB and BONE, are among the crypto assets D3 supports as payment options. Users can directly make payments with SHIB and BONE on D3 using their balances on Shibarium. This eliminates the need to bridge SHIB and BONE to the Ethereum network before paying.

Top Crypto Projects Follow Shiba Inu to Secure TLD Name

Shiba Inu’s partnership with D3 Global dates back to December 2023. At the time, Shiba Inu became the first project to push for a top-level domain name in the global crypto market.

The Shib Name can be used as a username on web3 cross-platforms, multi-chain wallet address, and infrastructure identifier, among others.

Following Shiba Inu’s partnership with D3, other crypto projects also collaborated with the DNS provider to debut their own TLD. They include leading crypto exchange Gate.io, Casper Network (CSPR), Core Network (CORE), and Viction (VIC).

Meanwhile, D3’s beta marketplace will remain operational for months, allowing the team to identify and resolve all technical issues before the mainnet launch. At press time, there is no official date on when the mainnet version of the marketplace will go live.