After several years of almost total media silence, The Dogecoin Foundation once again supports core developers and projects for the benefit of meme-based cryptocurrency.
In an announcement Tuesday, the Dogecoin Foundation said it would be reinstated in an effort to support the Dogecoin (DOGE) community, as well as advance the future of the blockchain. The foundation said it would be announcing new projects in the coming weeks fostering DOGE adoption and utility “that increase Dogecoin adoption at the grassroots level.”
“The Foundation has the Dogecoin brand and the Dogecoin logo and will maintain them for the community,” the ad read. “This will mean that the foundation can continue to protect the Dogecoin brand and allow (under a very liberal license) the ability to use it for Dogecoin-related memes, projects, and fun. We’ve got you covered on this.”
According to the foundation, Your goal is to get a three-year budget to recruit team members who support your goals. The project website includes Ethereum co-founder, Vitalik Buterin, Dogecoin co-founder Billy Markus and the Dogecoin core developer, Max Keller, as members of the advisory council. In addition, the interests of Elon Musk, Tesla CEO and DOGE advocate, appear to be represented by Jared Birchall, Neuralink CEO.
First formed in 2014, months after the founder of Dogecoin, Jackson Palmer, announced the project on Twitter as a joke, the foundation was behind many charitable contributions in and out of the cryptocurrency space. However, after some of its founders (Ben Doernberg and Eric Nakagawa) left the original foundation, the group remained largely silent.
As data from Cointelegraph Markets Pro shows, DOGE’s price increased more than 19% in the last week to reach $ 0.32 as of this story’s publication.