The Dogecoin Foundation is back and has a lot of fire power backing it this time too.
In a new press release the Dogecoin Foundation has announced that they are coming back and are aiming to promote the ecosystem of Dogecoin.
The Dogecoin Foundation was initially lauched in 2014 but it soon dissolved after inactivity but now the Foundation is looking to revamp their project with new goals and visions.
Currently the Dogecoin Foundation has a star studded team of advisors and board members, one notable advisor is none other than Ethereum founder Vitalik Buterin.
Elon Musk’s representative Jared Birchall will also serve as a financial advisor for the foundation.
Other notable names that will serve as board members and advisors are Jens Wiechers and dogecoin blockchain developers Ross Nicoll and Michi Lumin.
The Dogecoin Foundation is back, with Ethereum’s @VitalikButerin among its group of high-powered advisors and board members. #dogecoin
— CoinDesk (@CoinDesk) August 17, 2021
The re-establishment of the #Dogecoin Foundation is official!
Look at that dream team!
Here’s a brief summary in one image but you can read everything here:https://t.co/HqE2jLJ1HY pic.twitter.com/S4FdlNO30u
— Doge Whisperer 🐕 (@TDogewhisperer) August 17, 2021
Coin Desk covered the story and shared these details:
The Dogecoin Foundation, a nonprofit organization that aims to support the development of the memecoin through advocacy, governance and trademark protection, has been re-established.
The foundation boasts some well-known board members and advisers, including Ethereum co-founder Vitalik Buterin, who is serving as the foundation’s “blockchain and crypto adviser.”
Jared Birchall, a representative who was appointed by Tesla co-founder and influential dogecoin (DOGE, -11%) supporter Elon Musk and who is the head of Musk’s family office, joins as the foundation’s legal and financial adviser, while dogecoin core developer Max Keller will serve as a technical adviser. Dogecoin founder Shibetoshi Nakamoto will be the community and memes adviser.
The foundation is now hoping to secure a three-year budget so that it can hire a small staff to work on dogecoin full-time.
WOW! $DOGE is getting taken to the next level with the revival of the #DogecoinFoundation!
With the Foundation focused on financial initiatives for #DOGE development, legal protection and utility acceleration, #Dogecoin is in good hands!
Plus, check out the Board of Advisors!!! pic.twitter.com/Zae9Mncb5c
— 💸💸💸 (@itsALLrisky) August 17, 2021
The Dogecoin Foundation’s official site released a focus statement :
The Dogecoin Foundation is not here to ‘take control’ of the Dogecoin Core Wallet project, which remains the primary reference implementation of a compliant Dogecoin Wallet. We are here to accelerate the development effort by supporting current Dogecoin Core and future Dogecoin Developers to work on a full-time basis through sponsorship, as well as providing a welcome landing for new contributors hoping to help with the project.
The Dogecoin Foundation is also looking to the future of the broader Dogecoin ecosystem, and in coming weeks, will be announcing new projects that will compliment the current Core Wallet to enable faster integration and easier APIs for Financial, Social and Charitable projects wishing to use Dogecoin. We believe that the success of Dogecoin is through broad global adoption and utility, and intend to focus on projects that increase Dogecoin uptake at a grassroots level.
Vitalik Buterin will be on the foundation's advisory board https://t.co/hXPFy1vOx1
— Cointelegraph (@Cointelegraph) August 17, 2021
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