The Dogecoin Foundation is coming back to support core developers and projects benefiting the Memecoin, Dogecoin (DOGE), after several years of nearly total media silence.
It has been reported that the Dogecoin Foundation said it would be re-establishing itself in an effort to support the Dogecoin community as well as promote the future of the blockchain.
However, the foundation said it would be announcing new projects in the coming weeks encouraging the adoption and utility of DOGE “that increase Dogecoin uptake at a grassroots level.”
The report stated:
“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.”
Likewise, according to the foundation, it is aiming to secure a three-year budget to onboard team members to support its goals. The project’s website lists Ethereum co-founder Vitalik Buterin, Dogecoin co-founder Billy Markus, and Dogecoin core developer Max Keller as advisory board members. In addition, Tesla CEO and DOGE proponent Elon Musk’s interests will seemingly be represented by Neuralink CEO Jared Birchall. First formed in 2014, months after Dogecoin founder Jackson Palmer announced the project on Twitter as a joke, the foundation was behind many charitable contributions in and out of the crypto space.
Thus, after some of its founders, Ben Doernberg and Eric Nakagawa left the original foundation, the group had largely been silent.