The Dogecoin Foundation seeks funding to support 2025 plans, focusing on community growth and mass adoption. Donations will fund Dogebox, a decentralized payment system for small and medium businesses.
The Dogecoin Foundation has issued a request for an unspecified sum of funding in order to expand the community through future network development.
Dogecoin Foundation’s 2025 Plans
According to a post on Sunday by the Dogecoin Foundation’s X (formerly known as Twitter), developers are in pursuit of numerous significant benefactors in 2025 to support their efforts to promote mass adoption.
The donations will be used to construct Dogebox, a decentralized payment infrastructure that is designed to empower small and medium-sized enterprises.
“[Dogebox is] the vehicle we envisage for onboarding the first million grassroots retailers to accept Dogecoin as a direct payment layer,” the Dogecoin Foundation said Monday in a statement on social media.
The quantity of money that developers intend to raise in 2025 remains uncertain. Decrypt’s inquiries regarding the Dogecoin Foundation’s response were not promptly addressed.
At the time of writing, Dogecoin is trading at $0.40, a mere few days after surpassing a three-year peak of $0.475, as confirmed by CoinGecko data. In the past 24 hours, the token has experienced a 3% decline.
According to the Dogecoin Foundation, which was established in 2021, the organization has received numerous capital injections of undisclosed quantities from Vitalik Buterin, the founder of Ethereum, and an anonymous Dogecoin mega-holder.
Nevertheless, it is uncertain whether either of those donors will continue to support the Dogecoin Foundation.
Buterin’s Ethereum is currently grappling with an identity crisis and persistent scalability issues. Additionally, the native token of the network has remained largely stagnant in the face of a broader cryptocurrency market boom.
Vitalik Buterin did not respond to Decrypt’s request for comment on the matter immediately.
Dogebox will facilitate the integration of Dogecoin into existing payment systems, enable retailers to self-host online stores, and enable node operators to partake in decentralized transactions. A robust ecosystem for decentralized payments is intended to be established by rewarding operators when Dogecoin is utilized to purchase products and services.
The Dogecoin Foundation’s “trailmap” is a comprehensive, community-driven strategy for the Dogecoin blockchain and ecosystem, with the decentralized infrastructure serving as its crown jewel.
The three stages are as follows: increasing Dogecoin’s global throughput to meet global currency scalability expectations, lowering the barrier of entry to Dogecoin and preparing it for use in commerce, and growing Dogecoin’s development community and making it more accessible.
According to the most recent roadmap update from the Dogecoin Foundation, the initial two objectives have been achieved to a degree of 90% and 100%, respectively. Nevertheless, the final trailmap objective is still in a significant state of progress.
