Team officially re-establishes Dogecoin Foundation after 6 years

After several years of nearly total media silence, the Dogecoin Foundation is coming back to support core developers and projects benefiting the meme-based cryptocurrency. In a Tuesday announcement, the Dogecoin Foundation said it would be reestablishing itself in an effort to support the Dogecoin (DOGE) community as well as promote the future of the blockchain. 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.”

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 advisery 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. However, after some of its founders — Ben Doernberg and Eric Nakagawa — left the original foundation, the group had largely been silent.

Team officially re-establishes Dogecoin Foundation after 6 years, Cointelegraph, Aug 18