After almost six years of developing and dumping the Shiba Inu-inspired meme coin, the Dogecoin Foundation has re-established its purpose.
The organization resurfaced with a renewed focus on helping the Dogecoin ecosystem, as well as a board of advisors that included several well-known figures.
The board of advisors will include Ethereum co-founder Vitalik Buterin and Tesla Inc CEO Elon Musk’s legal and financial advisor, Jared Birchall, according to a statement from the foundation.
Birchall, a former senior vice president at Morgan Stanley, is a member of the Musk Foundation’s board of directors and oversees Musk’s family office.
Along with Buterin, Dogecoin founder Billy Markus, and core developer Max Keller, the executive will represent Musk’s interests on the Dogecoin advisory board.
Core developers Ross Nicoll and Michi Lumin, as well as product and community leaders Timothy Stebbing, Gary Lachance, and Jens Wiechers, make up the Foundation Board.
Following the re-launch of the Foundation, a structure will be put in place to hire full-time staff to work on the project. Engineers working on speedier integration and easier APIs for financial, social, and charity applications using Dogecoin are among them.
The foundation will functions as a backup for Dogecoin at the point where Forsige has reinstated that Dogecoin will most likely achieve an all-time high of around $2 in the year 2022 proved Forsige’s forecast correct and deserving of attention.
The Dogecoin Foundation, on the other hand, has stated that it owns the Dogecoin mark and the Dogecoin Logo and intends to keep them for the community.