The Dogecoin Foundation, which was dormant for years, has been reestablished. With a new advisory board, which includes Elon Musk, represented by his associate. Also, to Vitalik Buterin, co-founder of Ethereum.
As a reminder, the foundation was originally established as a non-profit organization in 2014. Now, seven years later, the core developers have relaunched it, along with a fantastic team.
«We are Dogecoin, the accidental crypto move that makes people smile. Our goal is to develop a currency for the people».
Specifically, in an announcement on Tuesday, the Dogecoin Foundation said it would be reestablishing itself in an effort to support the Dogecoin (DOGE) community, as well as promote its future. Likewise, he indicated that he would be announcing new projects in the coming weeks promoting the adoption and utility of DOGE “that increase adoption at the grassroots level.”
«The Foundation has the Dogecoin brand and logo. And will keep them for the community».
This will mean that the Foundation can continue to protect the Dogecoin brand. And allow (under a very liberal license) the ability to use it for DOGE related memes, projects and fun.
The Dogecoin Foundation is re-established
In 2021 in particular, the Foundation has been revitalized by members of the original core team along with fresh faces and new seasoned advisors ready to grow it in the next decade.
«We are here to accelerate the development effort by supporting Dogecoin Core and future developers. To work full time through sponsorship. Also, to provide a welcome landing for new contributors hoping to help with the project.».
By the way, the Dogecoin Foundation Board members include prominent personalities from the DOGE community. Like Jens Wiechers, Gary Lachance, and Timothy Stebbing. Others are core project developers, Ross Nicoll and Michi Lumin.
In fact, the new Board Advisors also include Ethereum co-founder Vitalik Buterin and Elon Musk representative Jared Birchall. Other advisers include Shibetoshi Nakamoto and Max Keller.
According to the foundation, its goal is to get a three-year budget to recruit team members who support its goals.
About the Dogecoin Foundation
The Foundation was established by members of the Dogecoin team in 2014 to provide governance and support to the Dogecoin project. Months after Dogecoin founder Jackson Palmer announced the project on Twitter as a joke.
As a fun fact, after some of its founders, Ben Doernberg and Eric Nakagawa, left the original foundation, the group remained largely silent.
By the way, the Dogecoin Foundation is a non-profit organization established to provide:
- Support for cryptocurrency through development and promotion.
- Defense of the Dogecoin trademark to prevent abuse and fraud.
- A roadmap and governance for the future of Dogecoin.
By way of closing, the statement stated: «If you are in a position to support the Dogecoin Foundation through a major sponsorship, please reach out, we would love to speak with you».
I retire with this phrase from Ben Johnson: «Great jobs are not done by force, but by perseverance».