Dogecoin Foundation returns with Vitalik Buterin as adviser
The foundation was set up in 2014, but became inactive over time and eventually dissolved
The Dogecoin Foundation has been re-established with the addition of two new advisers: Vitalik Buterin, co-founder of Ethereum, and Jared Birchall, who represents Tesla CEO Elon Musk and is head of Musk’s Family Office. Buterin is listed as a blockchain and crypto adviser, and Birchall as a legal and finance adviser.
The non-profit organisation was set up in 2014, but became inactive over time and finally dissolved. The foundation was established to provide “support for the crypto through development and advocacy” to prevent abuse and fraud of the crypto, and to provide a “roadmap and governance” for the future of dogecoin.
The Dogecoin Fundation also has a manifesto, which states: “Being useful, we value utility over technical brilliance. Being personable, we value individuals and interactions over profit-driven economics. Being welcoming, we value collaboration and trust over competition and exclusivity. Being reliable, we value working solutions over speed of delivery.”
Elon Musk and Vitalik Buterin
This is not the first time Musk and Buterin have been involved regarding dogecoin positions.
In a Twitter poll back in 2019, Musk was named the unofficial CEO of dogecoin, beating other crypto luminaries such as Buterin, Charlie Lee, creator of litecoin, and Marshall Hayner, CEO of Metal Pay, which recently filed an application to become a national bank in the US.
“One Very Good Shibe”
The foundation gives a special mention to “one Very Good Shibe” Jens Wiechers, who is listed as a “foundation veteran” who provides legal and governance.
In its press statements, it praised Wiechers and described how he has “single-handedly and at great personal expense fought these kinds of attacks through the trademark office under the banner of the Dogecoin Foundation to protect everyone’s right to use the Dogecoin brand”.
Hoping to secure a three-year budget
As the foundation has now entered a new phase, it wishes to do more than just use the help of volunteers. The foundation stated that is has been preparing a budget, and has ”received expressions of interest from a number of people who are able to contribute.”
The relaunched Dogecoin Foundation is aiming to build a group of annual sponsors who can fund foundation activities and a “modest development team”.
It is now aiming to secure a three-year budget to enable it to “on-board minimum staff to improve dogecoin full-time”.