First Step Towards Shiba Inu Super App ‘The HUB’ Is Complete: Shib Name Service Goes Live on Shibarium

 Key takeaways

• Shiba Inu (SHIB) has launched its own on-chain identity service for Shibarium, known as Shib Name Service (SNS)
• It’s thought that SNS is a precursor for Shiba Inu’s ‘The HUB’ — a comprehensive platform that is rumored to provide a variety of on-chain services in a single location
• The SHIB token recently climbed +26% in a week, algorithm predicts continued upside over the next month

Shiba Inu team reveals SNS, an on-chain identity solution that improves the user experience for Shibarium

Shiba Inu (SHIB) has launched Shib Name Service, a decentralized solution for blockchain identification that takes a single cryptographic wallet address and turns it into a human-readable nametag.

Shib Name Service (SNS) works in a similar way to Ethereum Name Service (ENS), which launched in 2021. SNS provides a more user-friendly blockchain experience when compared to the typical 42-digit string of code that is typically used to identify blockchain wallets.

? The moment you’ve been waiting for is here! Shib Name Service (SNS) on Shibarium is now live, Don’t wait! Secure your exclusive name at https://t.co/wIWsTbik3Z With SNS, say farewell to those complex addresses like 0xCD4(…) and say hello to friendly names like John.shib.… pic.twitter.com/zwFXcE9Uju

— Shib (@Shibtoken) October 31, 2023

Instead of a lengthy string of hexadecimal code, users can now identify their wallet through a nametag such as bob.shib — a much simpler way to keep track of on-chain identity. In addition to its simplicity, Shib Name Service offers several key benefits such as it being self-custodial, decentralized, and versatile.

Not only can SNS be used for identifying wallet addresses, but it can also be used as a universal gateway to Web3 services. Instead of using an email address and separate passwords for different web applications, Shibarium users can seamlessly login to any on-chain service using their connected SNS in just one click.

To mark the launch of SNS on Shibarium, Shiba Inu is hosting a $5000 giveaway paid in SHIB tokens. More information about the SHIB giveaway can be found on the official Shiba Inu Twitter page.

How does SNS relate to the launch of The Hub?

The Hub was teased in a recent social media post from a member of the Shibarium team who goes by the name Lucie. In classic Shiba Inu style, the message was quite cryptic, but there has been some speculation about what The Hub could turn into over time.

Shiba Hub is not just another app. It’s a gateway to something extraordinary.

Imagine being part of a community that is revolutionizing the way we connect, share, and create.

With Shiba Hub, you have the opportunity to be at the forefront of innovation, to be part of… pic.twitter.com/GFzoqYRxxa

— ????? | ✨Shibarium✨ (@LucieSHIB) September 26, 2023

Just before the launch of Shibarium, Shytoshi Kusama (Shiba Inu’s founder) hinted at a future project development where Shiba Inu would launch an “everything app,” similar to the vision that Elon Musk reportedly has for X (formerly Twitter).

With the introduction of Shib Name Service, The Hub may turn out to be a comprehensive decentralized platform that combines all the best features of blockchain technology in a single location: finance, immutable identity, applications, and possibly much more.

At this point most information around The Hub is mainly conjecture, but users can be sure that SNS will play an important role.

Algorithm predicts another trend high for SHIB with a +10% gain forecasted in the next month

SHIB recently shot up +26% in the space of a week between 19th and 26th October, climbing from $0.00000661 to $0.00000825 during the period. Since then, the native token of the Shiba Inu ecosystem has held up relatively well and has found support at $0.0000077 in recent days.

The Shiba Inu price prediction algorithm has predicted that SHIB maintains its positive price action over the coming month. While there may be some volatility in both directions, SHIB is expected to break through its recent high and hit a $0.000008893 price target. In total, this would be +10.10% gain for SHIB in the next 30 days.

Bottom line: Shiba Inu team continues to roll out major developments for the ecosystem, SHIB price expected to keep rising

Shytoshi Kusama’s cryptic reference to Shiba Inu’s very own “everything app” provides some insight into the project’s long term vision as a highly accessible alternative to other blockchain solutions.

This idea is reinforced by DoggyDAO partnering with business leaders at Disney, NASDAQ and NewsCorp, which could indicate the scope and scale of the vision the team has for the Shiba Inu ecosystem.

The introduction of Shib Name Service can be seen as a major milestone for a project that wants to improve the accessibility and user-friendliness of blockchain technology. For the SHIB token, its current uptrend is expected to continue over the coming weeks, which underscores the notion that Shiba Inu is not dead.