Dogecoin Foundation has returned after more than six years of laying low. Originally founded in 2014, the non-profit organization is all set to return after DOGE’s astonishing price rise. According to the official announcement, it said that it will support core developers and projects benefiting the meme token and promote the future of the blockchain.
The foundation also revealed that it would be announcing new initiatives in the coming weeks to foster the adoption and utility of the DOGE token and increase the digital asset’s uptake at a “grassroots level.” It further went on to state that,
“The Foundation holds the Dogecoin mark and the Dogecoin Logo and will maintain them for the community. This will mean 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 your back on this one.”
Dogecoin Foundation onboard Ethereum’s Vitalik Buterin
The team behind the Dogecoin Foundation is also hoping to secure a three-year budget to bring in team members to support its goals. The project’s website lists Ethereum co-founder Vitalik Buterin as one of the board members including the meme crypto-assets co-founder Billy Markus and core developer Max Keller. Buterin’s role is to serve as “blockchain and crypto adviser for Dogecoin Foundation.”
On the other hand, Tesla CEO and DOGE bull Elon Musk’s interests will ostensibly be represented by Neuralink CEO Jared Birchall who is the head of Musk’s family office. He joins the foundation as its legal and financial adviser. Additionally, board members include Jens Wiechers and the core blockchain developers Michi Lumin and Ross Nicoll.
The cryptocurrency had originally started out as a joke and the foundation had largely been silent. DOGE saw a meteoric price action this year and garnered significant attraction from prominent industry leaders including Tesla CEO Elon Musk. The latest development comes in the heels of the global blockchain technology company Bots Inc.’s announcement of allowing its users to purchase pre-owned Tesla cars with DOGE.