The Dogecoin Foundation announced return with a "Renewed Focus" on protecting the brand and community
The Dogecoin Foundation, a non-profit dedicated to promoting cryptocurrency through advocacy and trademark protection, has announced a board reorganization. As advisors, the group will now include Jared Birchall, a representative of tech billionaire Elon Musk, and Vitalik Buterin, co-founder of Ethereum. The board has been re-established, according to the Foundation, with a “renewed focus” on supporting the cryptocurrency's ecosystem and community, as well as promoting the future of the Dogecoin blockchain.
The foundation was founded in 2014, a year after Dogecoin was released, but it was eventually disbanded. Given that Musk has been a vocal supporter of Dogecoin and has repeatedly promoted it on social media, the inclusion of Birchall is not surprising. Like this tweet, in which he shared a meme implying that Dogecoin would eventually supplant traditional currency.
Dogecoin Foundatio stated in its announcement that it is not here to "take control" of the Dogecoin Core Wallet project. “We are here to help accelerate the development effort by providing full-time sponsorship to current Dogecoin Core and future Dogecoin Developers, as well as a welcoming landing for new contributors hoping to help with the project.” It is hoping to raise a three-year budget to hire staff to look after its day-to-day activities.
Max Keller, a core developer for the project, is also a member of the advisory board. He'll be a technical advisor for the project. Shibetoshi Nakamoto, the creator of "OG," will serve as "Community & Memes Advisor."
The Foundation, on the other hand, remained tight-lipped about what prompted its return at this time. However, since it was primarily launched as a joke and satirical critique of the 2013 crypto frenzy, one possibility is Dogecoin's credibility as a serious contender in the cryptocurrency market.