Dogecoin Foundation re-established with Vitalik and Elon Musk Family Office Head on board

Karthik Subramanian

Dogecoin, the ‘tiny’ coin whose use no one seems to have figured out as yet but something which has been in the news within the crypto community almost always, has announced the re-establishment of the Dogecoin Foundation.

The Foundation had been defunct for around 7 years now but it will now own the name as well as the trademark and it said that it would own it on behalf of the community behind the crypto. But it seems to have come back stronger than ever as the Foundation now includes the founder of Ethereum, Vitalik Buterin as well as Jared Birchall, who is the Head of Elon Musk’s Family Office.

The Foundation has made it clear that it has not come around to take control of Dogecoin and its development but only wants to support the current and future Dogecoin developers through sponsorships and continue to grow the ecosystem and the community surrounding Dogecoin so that the developers would be able to focus on developing the wallet further and also work on other projects and APIs that can connect it to Dogecoin which would throw it open for other products and dapps to be built on Dogecoin in the future.

The Foundation has also said that it would do its bit to protect the Dogecoin copyrights as its image and rights have been misused in various jurisdictions and so a lot of legal formalities have to be done to ensure that this does not happen in the future and this would help to promote and protect the brand as well. The Foundation has also said that it has prepared a budget for 3 years to build a core team of developers who would build on the Dogecoin network in a manner that they need not worry about their job security. Dogecoin is now a brand that is worth over $40 billion and the Foundation would be looking to develop and regularise it further in a manner that fits a company of that size.

All of this points that billionaires like Elon and Buterin have set their eyes on growing Dogecoin into a strong brand in the future and make it a strong blockchain network comparable to the likes of Ethreum and Solana which developers can use to build their products on. This promises an exciting future for the Dogecoin community of developers and users though we will have to wait and see how all these efforts crystallize but with Buterin and Musk seemingly on board, the future seems bright.

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