The Dogecoin Foundation, a nonprofit organization that advocates for the meme coin DOGE, has returned after years of inactivity, now with a new advisory board including Ethereum Co-Founder Vitalik Buterin. According to the announcement, the Foundation said it came back with “renewed focus” by appointing Jared Birchall, Elon Musk’s legal representative, as an advisor.
The establishment of the nonprofit organization dates back to 2014, but it lost steam over the years and eventually was dissolved. In the press release, the Dogecoin Foundation clarified that it did not return to “take control” of the Dogecoin Core Wallet project. Instead, “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,” it added.
Furthermore, the organization hinted at announcing new projects in the coming weeks that seek to complement the current core wallet 'to enable faster integration and easier APIs' for financial, social and charitable projects that wish 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,” the Foundation commented.
Foundation Funding
Moreover, the Dogecoin Foundation published a manifesto and stated that they aim to protect the Dogecoin brand and allow the use of any meme coin-related projects under a 'very liberal license'. “We have been thinking about what Dogecoin means: as a technical project and as a movement for good in the world. We’ve condensed it down to four statements that we are calling the Dogecoin Manifesto. Two are technically-focused, and two are social,” the nonprofit organization pointed out.
Moreover, the revived Foundation said that it is looking to secure a three-year budget to guarantee staff onboarding to 'improve Dogecoin full-time'.
