D3*Shib
Hello #ShibArmy,
Only 7 days left before Christmas, but we are in the mood to give out presents early this year.
Here's what's in our sleigh this week:
An exclusive partnershib announcement between D3 (an established Web2 company) and Shib, a community contribution about the state of crypto in 2023, a guide to the best tools for crypto traders, and tales about the downfall of 5 crypto tycoons.
For those who don't want to miss out on the NFT covers, subscribe to our Ghost newsletter to be the first ones to know about the next edition.
Which #Shibarium projects would you like to see next in The Shib?
Tell us on Twitter using #TheShib hashtag or in a thread at @shibtoken.
If you have any stories, initiatives, and/or projects that you deem newsworthy for the whole community or if you have pieces of advice for us to make this magazine a worldwide reference, take advantage of this opportunity.
Send us an email explaining everything at submissions@shib.io.
Web3 Partnership: Shib x D3
"We could truly #decentralizetheinternet." – Shytoshi Kusama
Buckle up because we are about to drop a world-first bombshell with this announcement, and it's a game-changer.
The TLDR: With Shib's latest partnershib, consider nabbing your very own *shib name that could resolve in the global DNS! Read on to understand that asterisk and what it means for the Shib community, the history of Web3, and the future of the internet.
D3 and Shib are teaming up to take digital identities to unprecedented levels. They're on a quest to snag the Holy Grail of the digital world: the .shib Top-Level Domain (TLD).
The significance of a Shib Top-Level Domain cannot be understated. TLDs are the final component in any web address that comes after the dot, such as ".com," ".org," or ".net." Everybody uses them daily, but do you really know how they work?
To better understand this, it's important to know how domains work. The Domain Name System (DNS) is a system that locates and converts Internet domain names from a database into Internet Protocol (IP) addresses. Your browser utilizes the IP address to identify the web server that is hosting the corresponding domain name. Following this, your browser establishes a connection with the web server and requests a copy of the website. The database is called a domain name registry and it contains all the registered domain names, including the registrant information for each.
For instance, ".com" is commonly associated with commercial websites, while ".org" represents organizations, and ".net" stands for network-related sites. So when we speak of the possibility of Shib as a TLD, we mean the insane realization of Shib as the first domain extension dedicated to decentralization.
Note: There are no other domains dedicated to specific Web3 or crypto projects. There is no real .btc or .eth (read HERE for the drama there) or any other crypto, period! Again, Shib is leading the pack (though we believe the big boys will soon follow)!
Alas, Shib couldn't take on the task of getting a TLD alone, so we partnered with the experts.
Meet D3: The Domain Experts
D3 Global is a next-gen domain company on a mission to revolutionize the way Web2 and Web3 converge. Led by the dynamic duo of CEO Fred Hsu and CCO Shayan Rostam with decades of experience in this sector, D3 is turning digital identities into personalized name tokens that are about to become the backbone of your “true Web3” experience. They are domain experts (no pun intended) who created this platform as a response to the growing demand for genuine, usable domains and a suite of products that bridge the gap between traditional internet infrastructure and Web3. And we’re about to see this innovation make its way into the kingpin of decentralization: the Shib ecosystem.
"This digital identity unlocks a world of possibilities... ensuring that users can maximize the potential of their names.” – Fred Hsu
"By collaborating with Shib, we can introduce unique, memorable, and affordable .SHIB domain names to users, which will streamline their digital identities with Web3 utility on the root layer of the internet.” – Shayan Rostam
SHIB TLD: History in the Making
Wen? Well, something this massive requires approval and YOUR participation. Shib aims to engrave its name in internet history as the FIRST decentralized Web3 ecosystem to apply for and acquire a TLD during ICANN’s upcoming application window.
What is ICANN? It’s the Internet Corporation for Assigned Names and Numbers. It’s a multistakeholder nonprofit organization that skillfully manages the intricate inner workings of the internet’s name spaces. Their responsibilities encompass the global Domain Name System (DNS).
Intriguingly, the asterisk that precedes the term *shib is not a mere placeholder but rather a glimpse into a new realm where Shib is destined to be. The main reason for using *shib in the interim is to avoid potential name collision with the DNS. This is a significant risk internet users face when Web3 names pretend to be real domain names – and one we are proud to mitigate.
So, with the help of D3, Shib is setting out on a journey of spearheading the essence of Web3. Consequently, if you get your *shib name now, you can be one of the first users to be invited to get your real .shib domain name once the TLD is assigned. You can sign up to secure your name now before somebody else takes it!
And if you’re one of those who already secured their names through the Shib Name Service (SNS) – and only through SNS – your name will be grandfathered in so you could get your own *shib name.
The Epic Quest for *SHIB: A Shib-tastic Takeover
So how do we #invadetheinternet? D3 is set to introduce *shib name tokens seamlessly integrated into the Shib Name Service (SNS). These tokens could imbue Web3 functionalities and enhance your online and on-chain experience. Upon securing the top-level domain (TLD), users could get their real .shib domains, delivering incredible Web3 functionality with the familiar features of Web2.
With this simple yet ultra-powerful integration into the world's most used technology, the internet, the possibilities are endless.
*SHIB: Putting the Web in Web3
Fundamentally, this move is an important prerequisite to fully realizing Shib’s position in Web3, ensuring its unequivocal presence on the web and asserting control over its domain.
Accomplishing this feat positions Shib on par with illustrious brands such as .bmw and .netflix, although it must be noted that those brands are centralized in nature.
“Also note that it is very rare for a brand to use their TLD in a public-facing role. In other words, you don't go to www.movie.netflix; you go to netflix.com. Therefore, this is primarily a shift in the way a brand can utilize the internet, a shift from centralized ‘commercial’ entities to the global leader of decentralization… Shib,” states Shytoshi Kusama, pseudonymous member of Shiba Inu.
So, imagine seeing the members of the first ever decentralized ecosystem having their own identities, websites, stores, protocols, and blockchain-enabled apps **actually** on the web in our own “territory”. This is an enormous opportunity for the Shib Army to invade the internet like never before. Not only that, but this extends to other communities and individuals that exist outside the ecosystem as it is accessible to all 5.3 billion users of the internet. This is how we actually onboard the next billion users; everything else is fluff or FUD.
Imagine this: by entering www.xyz.shib, it goes to your own .shib website! At the same time, your email address could adopt the format info@xyz.shib. This lands Shib within the elite echelons of established domains such as .com and .org, akin to distinctive vanity domains!
If you’d like to secure your *SHIB name and prepare to own a piece of Shib history now, you can sign up for early access here.
Shib x D3: More Than Just Domains
The partnership extends far beyond mere domains. It’s about infusing the power of interoperable domains into the vivacious Web3 arena.
It is a testament to Shib’s long-term commitment to making a global impact, headlining dApps, DeFi platforms, GameFi, and many other use cases. An example of that is the possibility of having a common username with *shib on different social platforms (Twitter, Instagram, Shibaswap, Doggy DAO, Discord, Telegram, MakerDAO, etc.). It could also keep a custom record to create decentralized applications and websites and provide access to reward systems from third parties.
So, don’t forget to sign up for early access to secure your *shib name today.
Shytoshi himself heralds the fulfillment of this venture and says it all in this quote: "We are extremely proud to once again trailblaze decentralization in world history. This endeavor with D3 is the first time any Web3 project has attempted to stake claim on the actual internet, increasing the digital territory of our new state. With this incredible, simple, new, yet Web2 innovation, we can ensure that Shib achieves perpetual decentralization in a way no other project has, bar none."
Helpful resources:
Website: https://www.d3.inc
Main App: https://www.d3.app
Blog: https://blog.d3.inc
The State of Crypto 2K23 (Pt. 1)
A community contribution from @Risjo_xyz on a recap of what happened in the blockchain industry in 2023.
To collaborate on an article, contact us at submissions@shib.io
It’s the end of time (hmm, end of the year, sorry).
A lot has happened in the crypto industry, so today we’re going to do an insightful TLDR of the state of crypto in 2023.
This article will be composed of three parts, released separately, and will aim to sum up the different evolutions that involved the crypto industry this year. We will explore blockchain activity and dive deep onto some on-chain data. And we will end by picturing the differents factors that will impact the market next year and which narratives to look for in crypto in 2024.
For part 1, we are going to review DeFi and the evolution of developers, as well as do an on-chain market volume recap. We will see how creators and users have never been so close, thanks to Web3, and how that benefits them.
Blockchains Have Never Been More Popular
From high prices in 2021 to the steepest fall of 2022, crypto prices have stabilized in 2023. The industry appears to be finding its balance, with reduced speculation and better engagements from users in Web3 dApps. There is a noticeable increase in monthly active addresses (unique addresses performing on-chain transactions monthly), surpassing previous records.
In the last month alone, 15 million sending addresses were observed, more than double the number from two years ago when prices were still at elevated levels. One potential explanation for this surge is the growing array of opportunities to interact with blockchains and Web3 dApps. From decentralized finance (DeFi) to Web3 games (700 were introduced last year), a wide range of applications that generate addresses for users to interact with has emerged.
Through the rise of Layer 2 solutions, such as Optimism, Arbitrum and Shibarium, fees have never been lower with that much activity on chain. Notably, the total number of blockchain transactions has grown by over 50% in the past two years.
Activity across the whole crypto ecosystem seems to be on the rise again after falling from the highs of 2021. As speculation cooled, it seems more organic uses have emerged across various sectors, including lending, remittances, art, collectibles, and on-chain gaming.
Still, the promise of crypto to transform the economics of the internet remains. In recent months, we’ve seen an uptick in both NFT buyers and DEX volume. In fact, Uniswap, a decentralized exchange, has seen a higher trading volume than Coinbase, the largest centralized exchange in the U.S., for two consecutive months.
The Total Value Locked (TVL) Across DeFi Protocols Crossed $50B
The total value locked (TVL) across all decentralized finance (DeFi) protocols has increased from $35 billion in mid-October to $50 billion today.
A 43% increase in 10 weeks!
Why This Matters
- DeFi token prices are simultaneously rising. Eat that U.S. treasury bond.
- DeFi is seeing fresh inflows of money. Yummy stablecoin!
- Volume and transaction fees are up again. The Cherry on the cake for validators! 😋
Rising asset prices + more money being invested into DeFi protocols = higher TVL. That’s Crypto Math 101.
How Users and Creators Benefit from Web3
The answer is through lower “take rates” (the share of revenue that platform owners take from users). In crypto, users genuinely own their digital assets and can, more importantly, bring these assets to any platform they want.
The easier it is for people to switch platforms, the more competition can heat up, and the fewer chances platforms have to extract from users (or suddenly change the rules on them). Low platform pricing power often leads to lower take rates.
In the last two years, NFT marketplaces have paid out nearly $2 billion worth of royalties in secondary sales to creators. Compare that to Web2, where Meta, for instance, marked $1 billion for creators throughout 2022. This comparison is even more surprising when you consider that Meta’s platforms (Facebook, Instagram, WhatsApp, and others) have around 3.74 billion monthly users compared to the estimated tens of millions of Web3 users today.
It’s worth noting that Web3 take rates are, if anything, trending downward over time. While Web3 creator royalties are in a state of flux as best practices and technologies evolve in the space, we expect even more innovation and experimentation here.
The Number of Active Developers in the Crypto Industry Has Held Steady
Prices can be misleading, particularly without looking under the hood of the tech and its growing ecosystem of builders. So let’s take a look at what devs were up to this year while building their blockchain stuff.
Notably, there was sustained development across crypto. There are nearly 30K monthly active developers in the crypto industry today. A steady increase of 60% since the start of the bull run in 2020 indicates that developers who may have been attracted to rising prices are sticking around.
Nearly 50K unique addresses deployed smart contracts last month – a 40% rise just this year. More of these contracts were verified, and more core developer libraries were used to interact with them than were ever tracked.
The Market Cap for Altcoins Hit $700B
What happened? The market cap for all altcoins (aka crypto tokens NOT named Bitcoin) just hit $700B, according to data from TradingView.
For about 2 years, the altcoin market was stuck between $430B and $650B. It’s been one long yoyo session.
But for the first time in 18 months, it’s out of that range.
Why this matters: It could be an early sign of Altcoin Season. Crypto investors love the altcoin season more than Mariah Carey loves Christmas.
We’ve already had a small taste of it too.
A handful of memecoins and BRC-20 tokens have seen big gains recently:
- BONK: It just became the third-largest dog-themed coin (behind Dogecoin and Shiba Inu).
- ORDI: It's the first BRC-20 token to hit a $1B+ market cap.
So we can say that a LOT happened this year on chain. Next time, we will dig into the nitty-gritty and sum up the technical evolutions that blockchain devs are working on, including POS vs. POW, zero-knowledge tech stack, and more exciting digital nice-sounding words.
Contributor: @risjo_xyz
Source: State of Crypto Index
6 Best Tools for Crypto Traders
A must-read for crypto traders looking for the most convenient tools to manage their portfolios
Welcome to thе complеx world of cryptocurrеncy trading, whеrе еvеry coin flip could bе a plot twist, and thе only thing guarantееd is thе lack of guarantееs! 💰🤯
But fеar not – wе havе a trеasurе trovе of tools to navigatе this crypto junglе!
Here are some that are worth looking into:
1. CoinMarkеtCap: The Galactic Commander of Crypto Stats
Ever wish you had a cosmic dashboard showing you the ins and outs of every crypto in the universe? Well, enter CoinMarketCap! It's not just a resource; it's a crypto circus filled with real-time price updates, historical data, market capitalization, trading volume, and information about the circulating supply of almost every cryptocurrency in the market.
You can practically feel the heartbeat of the crypto world with just a click. Explore rankings, dive into data, and discover the secrets of each coin. It's not a trading platform; consider it your crypto sidekick, providing all the deets you need.
And guess what? You can even choose your favorite crypto category – it's like picking your favorite act in the circus tent!
2. TradingViеw: Where Charts Turn into Masterpieces
Step into the art studio of crypto charts – welcome to TradingView, where prices become masterpieces and analysts turn into artists! This platform is not your average art gallery; it's a web-based canvas where charts dance and prices groove. There is no need to download; just hop on the web and let the charting party begin!
With various chart types, indicators, and drawing tools, you're not just analyzing prices but creating a crypto symphony. Traders can use it to analyze price trends and patterns to make informed trading decisions. And the best part? It's not a solo act; you can share your brilliance and learn from the maestros of the crypto world. It offers various chart types, indicators, and drawing tools. The platform also has a social component, allowing users to share their analysis and learn from others.
3. CryptoComparе: Unleash the Data Dragon
Unleash the data dragon with CryptoCompare, the superhero of real-time, high-quality market data! It's not just a platform; it's a data-packed adventure where portfolios become treasure maps. It provides a portfolio tool to track crypto holdings, and its research section provides various tools and information sources for traders. The tool aggregates and analyzes tick data from globally-recognized exchanges and integrates different datasets in the cryptocurrency price.
For data connoisseurs, it also offers an API with broad, rich datasets and exceptional quality.
4. Coinigy: The Cloud Commander of Crypto Trading
Imagine a cloud where over 40 exchanges gather to throw a crypto party – that's Coinigy for you! It's the superhero of trading platforms, consolidating orders, charts, and data from multiple exchanges, making it easier to manage trades and monitor portfolios.
The tool allows you to connect their exchanges and wallets to completely transform the way you invest in crypto. You can automate a trading strategy, track performance, and analyze the market with unique features customized just for you. Coinigy transforms your crypto journey into a saga of triumph!
5. Shrimpy: The Portfolio Maestro
Dive into the ocean of portfolio possibilities with Shrimpy, the maestro of diversification, rebalancing, and indexing! It's not just a tool; it's a symphony conductor for your crypto investments. Backtest your strategies, connect exchanges, and let Shrimpy transform your investment game.
It offers backtesting features, allowing traders to test their strategies with historical data to see how they would have performed. The platform enables users to link their exchanges and wallets, revolutionizing their approach to crypto investments.
6. CoinChеckup: The Crypto Explorer's Dream
Embark on a crypto adventure with CoinCheckup, your passport to coin analysis, investment stats, predictions, and news! It's not just a platform; it's a dreamland for traders who crave thorough research before making investment decisions. Prices, charts, market cap… CoinCheckup provides the roadmap through the crypto wilderness. It's not just about checking; it's about exploring, discovering, and conquering the crypto kingdom.
Remember, while these tools can provide valuable insights and streamline the trading process, they do not guarantee profits. Always DYOR and consider your financial situation before making trading decisions. Happy trading!
Crypto Titans in Crisis: The Rise and Fall of 5 High-Flying Figures
Five of the biggest players in crypto who went from hero to zero
In the cryptocurrency world, the past two years have seen some of its most powerful figures hit the headlines for all the wrong reasons. From Binance's high-flying CEO Changpeng "CZ" Zhao facing money laundеring charges to thе fall from grace of FTX founder Sam Bankman-Fried, and the dramatic unraveling of Terraform Labs co-founder Do Kwon's empire, cryptocurrency's elites are in the midst of a chaotic storm.
Let's take a look at thе ups and downs of these crypto tycoons, exploring the glamor, controversy, and legal troubles that have reshaped the narrative of this notoriously volatile industry.
1. Changpeng "CZ" Zhao: The Meteoric Rise and Sudden Fall
Changpeng "CZ" Zhao, once the undisputed king of thе crypto world, catapulted Binance to unprecedented heights. With a net worth peaking at $65 billion, he was the face of crypto prospеrity. However, with great power came greatеr scrutiny.
Accused by the U.S. of allowing transactions to militant groups and violating multiple regulations, Zhao pleadеd guilty, stepping down from Binance amidst fines totaling $4.4 billion. His empire now stands on shaky ground, leaving us to wonder about the fate of thе man who once ruled the crypto universe.
2. Sam Bankman-Fried: From the Face of Fame to a Notorious Collapse
Sam Bankman-Fried, the charismatic founder of FTX, was not just thе richest but also the most famous figure in crypto. With a net worth of $24 billion, he was the unofficial ambassador for the industry. However, revelations of financial misuse – from real estate splurges to risky moves – brought his empire crashing down in November 2022.
Rival CZ Zhao's decision to sell FTX tokens held by Binance sparked a stunning collapse. Arrested in the Bahamas and found guilty of major financial fraud, Bankman-Fried now faces the prospect of up to 110 years in prison. From fame to infamy, his story is a cautionary tale of the perils of crypto stardom.
3. Do Kwon: Marketing Genius Turned Fugitive
Do Kwon, the South Korean entrepreneur bеhind Terraform Labs, marketed TerraUSD and Luna as the next big thing in crypto. Described as a "genius," he attracted billions in investments. However, the collapse of these stablеeoins in May last year, deemed by some as a glorified Ponzi scheme, triggered a chain reaction of losses totaling over $500 billion.
Brash and outspoken, Kwon went on the run after leaving South Korea, eventually getting arrested in Montenegro with fake travel documents. Now facing criminal charges in the U.S. and South Korea, Kwon's story is a gripping tale of a marketing whiz turned fugitive, leaving a trail of financial destruction in its wake.
4. Bitboy: The Dramatic Downfall of a Prominent Crypto Youtuber
Ben Armstrong, the popular crypto influencer known as Bitboy Crypto and founder of the Bitboy Crypto YouTube channel, witnessed a climactic rise in the cryptocurrency community, leveraging his engaging content to amass a substantial following. However, his ascent was accompanied by controversies, as he faced accusations of promoting tokens for personal gain.
The tide turned against him amid regulatory scrutiny, market downturns, and shifting sentiments, leading to a decline in both influence and viewership. Bitboy Crypto's journey serves as a cautionary tale, emphasizing the challenges and risks associated with navigating the volatile crypto landscape and the importance of ethical conduct in the face of evolving industry dynamics.
5. Winklevoss Twins: A Series of Lawsuits and Losses
The Winklevoss Twins, Cameron and Tyler, are known for their work on Gemini, the cryptocurrency exchange they founded. But they are probably more popular for suing Mark Zuckerberg in 2004 after claiming he stole their social network idea to create Facebook, now known as Meta. This led to a $65 million settlement, after which the twins became billionaires due to their crypto investments. But that didn’t come without challenges. In 2023, Gemini faced a loss of $900 million, and the twins had to pivot their strategies.
Crypto lender Genesis Global initiated legal action against Gemini Trust, aiming to reclaim over $689 million. This substantial sum represents funds withdrawn by customers during a tumultuous "run on the bank," ultimately leading to Genesis' bankruptcy.
The twins were also recently under fire after it was revealed that they allegedly withdrew $282 million secretly in 2022 from the customer funds of the exchange’s Earn program "to create a liquidity reserve," leading to backlash from customers.
What can we say? These narratives serve as cautionary tales, reminding us that even the most powerful figures are not immune to the chaotic forces that govern this ever-evolving industry. So, always take people’s words with a grain of salt. Stay vigilant at all times, Shib Army!
ICYMI, Shib Army:
We’ve got the lowdown on what’s brewing this week within the community, so stay tuned every Tuesday if you don’t wanna miss out! Whatever holidays you celebrate (or don’t), ‘tis the season of going big for the Shib Army. WOOF!
1. Tangem Plays Santa: Sponsors Shiba Christmas Giveaway with $SHIB and $BAD Wallets
Christmas comes early for the Shiba Inu community as Tangem sponsors a giveaway extravaganza at the Shibarium Christmas Giveaway Party on X Spaces! Ten lucky winners will score $SHIB wallets, and in the spirit of unpredictability, another ten will snag $BAD wallets. Get ready to jingle to the crypto bank on December 20th!
2. Shiba Inu Howls Victory: Voted Most Vocal Memecoin Community in an Epic Poll Battle
In a clash of memecoin titans, Shiba Inu emerges as the leader of the pack, securing 44% of the votes for the most active community. Sorry, Dogecoin, Pepe, and Meme – Shiba Inu's bark is louder than the rest, with PEPE trailing at 25% and the others left in the dust! Move over, Doge – Shib is the new top dog in town!
3. Shiba Inu's Scorched Earth Strategy: Massive 8.6B Token Burn Sets Record Ablaze
The Shiba Inu team is setting the crypto world ablaze with a jaw-dropping 779,000% spike in a 24-hour token burn! A record-breaking burn of over 8 billion $SHIB happened, keeping pace as it’s the second of its kind in a span of two weeks. The fire is real, and so are the gains!
4. "Bone Voyage!" $BONE Token Lands on PointPay's Crypto Playground
PointPay has rolled out the red carpet for $BONE, inviting crypto enthusiasts to buy, sell, trade, and even store it on their platform. Get ready for a barking good time in the crypto market!
5. Konnichiwa, Tokyo: Coincheck Has Welcomed Shiba Inu to the Exchange
Tokyo-based Coincheck Co., Ltd. is about to experience a furry frenzy as Shiba Inu (SHIB) has joined the ranks of their crypto offerings from December 14, 2023. Satoshi Hasuo, the Representative Director, is ready for the Shiba-mania that is about to hit the crypto trading service.
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Trick or TREAT
GM, Shib Army! This special edition brings a delightful twist to the classic Halloween spirit—a Trick or TREAT extravaganza that promises to knock on your door with unexpected surprises! Will you answer when we come knocking? The best part is that you don’t have to give us anything.
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GM, Shib Army! You know the saying, “I didn’t come to play the game. I came to change it”? Take a moment to read the stories in this edition, which might ignite that passion in you to become the change you’d like to see in this constantly evolving