In Brief:
- The Dogecoin Foundation is restructuring its advisory board with big names in crypto.
- The foundation’s goal is to support and develop the Dogecoin ecosystem.
The Dogecoin Foundation is reshaping its board of directors. The foundation is also planning for the future of cryptocurrency.
In a Tuesday announcement, the Dogecoin Foundation said it would be reestablishing itself in an effort to support the Dogecoin (DOGE) community. The reshaping would also promote the future of the blockchain.
The foundation said it would be announcing new projects in the coming weeks. This would apparently encourage the adoption and utility of DOGE “that increase Dogecoin uptake at a grassroots level.”
The foundation intends to prevent abuse and fraud. It would create a roadmap and system of governance for the future of the Dogecoin community. The official Dogecoin Manifesto clearly lays out the “guiding principles” of the foundation.
“The Foundation holds the Dogecoin mark and the Dogecoin Logo and will maintain them for the community,” said the announcement. “This will mean the Foundation can continue to protect the Dogecoin Brand and allow (under a very liberal license) the ability to use it for Dogecoin-related memes, projects, and fun. — We’ve got your back on this one.”
The advisory board is bringing on prominent figures in the crypto space in the restructuring. This includes Ethereum co-founder Vialik Buterin as “Blockchain and Crypto Advisor” Jared Birchall, a representative of Elon Musk will be the foundation’s “Legal & Financial Advisor.”
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Max Kellner will be the “Technical Advisor”. Shibetoshi Nakamoto would be the “Community and Memes Advisor.” A veteran member of the Dogecoin Foundation, Jen Wiechers, remains on the board along with two other developers Michi Lumin and Ross Nicoll.
It seems to be set to have an active future. The foundation ended its statement with a target of securing a three-year budget to bring on staff full-time.
