The Dogecoin Foundation is returning to help core developers and projects that benefit the meme-based cryptocurrency after nearly a year of near-total public silence.
The Dogecoin Foundation said on Tuesday that it would be re-establishing itself in order to serve the Dogecoin (DOGE) community and promote the blockchain’s future.
The organization said it would announce new programs in the coming weeks to promote DOGE acceptance and utility, with the goal of “increasing Dogecoin uptake at the grassroots.”
The release stated, “The Foundation holds the Dogecoin mark and the Dogecoin Logo and will maintain them for the community.”
“This will allow the Dogecoin Foundation to continue to preserve the Dogecoin Brand while also allowing (under a very liberal license) the use of it for Dogecoin-related memes, projects, and fun.” — On this one, we’ve got your back.”
According to the foundation, it hopes to acquire a three-year budget to bring onboard team members who will help it achieve its objectives.
On the project’s website, advisory board members include Ethereum co-founder Vitalik Buterin, Dogecoin co-founder Billy Markus, and Dogecoin core developer Max Keller.
Elon Musk, the CEO of Tesla and a proponent of the DOGE, will reportedly be represented by Neuralink CEO Jared Birchall.
The foundation was founded in 2014, months after Dogecoin founder Jackson Palmer launched the initiative on Twitter as a joke.
Since then, it has made several charity contributions both inside and beyond the crypto industry. The group has mostly gone silent when several of its founders — Ben Doernberg and Eric Nakagawa — quit the original foundation.
The price of DOGE has grown more than 19% in the previous week, according to statistics from Cointelegraph Markets Pro, reaching $0.32 at the time of publication.
