After several years of almost complete media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency.
In Tuesday’s announcement, the Dogecoin Foundation said it would reinvent itself in an effort to support the Dogecoin (DOGE) community as well as promote the future of blockchain. The foundation said it would announce new projects in the coming weeks that would encourage DOGE adoption and utility “raising Dogecoin at the grassroots level.”
“The Foundation has the Dogecoin mark and the Dogecoin logo and will retain them for the community,” the announcement states. “This will mean that the Foundation can continue to protect the Dogecoin brand and give the ability (under a very liberal license) to use it for Dogecoin-related memes, projects and fun. – We have your back on this.” has gone.”
According to the foundation, it aims to secure a three-year budget for on-board team members to support their goals. The project’s website lists Ethereum co-founder Vitalik Buterin, Dogecoin co-founder Billy Marcus and Dogecoin core developer Max Keller as members of the advisory board. In addition, the interests of Tesla CEO and DOGE proponent Elon Musk will be represented by Jared Birchl, CEO of Neuralink.
Connected: Dogecoin hasn’t always been the ‘fun meme coin’
First formed in 2014 months after Dogecoin founder Jackson Palmer announced the project as a joke on Twitter, the foundation was behind numerous charitable contributions in and out of the crypto space. However, after some of its founders – Ben Dornberg and Eric Nakagawa – left the original foundation, the group was largely silent.
As data from Cointelegraph Markets Pro shows, the price of DOGE is up over 19% over the past week, reaching $0.32 at the time of publication.