After 6 years of silence, the Dogecoin Foundation will be officially rebuilt, and Vitalik Buterin is listed as an advisor

After several years of almost complete media silence, the Dogecoin (DOGE) Foundation is returning to support the core developers and projects that benefit the meme-based cryptocurrency.

In a statement on Tuesday, the Dogecoin Foundation said it would rebuild itself in order to support the Dogecoin community and promote the future of the blockchain. The foundation said it will announce new projects in the coming weeks to encourage the adoption and use of DOGE and "increase the use of Dogecoin at the grassroots level."

The statement said: “The Foundation owns the Dogecoin trademark and the Dogecoin logo and will maintain them for the community. This will mean that the Foundation can continue to protect the Dogecoin brand and allow its use (under very permissive permissions) for Dogecoin-related memes, projects and entertainment. - We support you in this matter.”

According to the foundation, it hopes to obtain a 3-year budget to add team members to support its goals. The project website lists Ethereum co-founder Vitalik Buterin, Dogecoin co-founder Billy Markus, and Dogecoin core developer Max Keller as members of the advisory board. In addition, the interests of Tesla CEO and DOGE supporter Elon Musk appear to be represented by Neuralink CEO Jared Birchall.

The Dogecoin Foundation was established in 2014, a few months after Dogecoin creator Jackson Palmer announced the project as a joke on Twitter. The foundation is behind many charitable donations in and outside the crypto space. However, after some of the founders - Ben Doernberg and Eric Nakagawa - left the original foundation, the organization has largely remained silent.

Data from Cointelegraph Markets Pro shows that DOGE’s price has risen by more than 19% over the last week, reaching $0.32 as of the time of writing.