Ethereum creator Vitalik Buterin is joining the advisory board of the Dogecoin Foundation, a non-profit organization that is relaunching to support the development of Dogecoin and its blockchain.
The foundation is re-establishing as Dogecoin (DOGE) grows to become one of the largest cryptocurrencies with a market cap of over $39 billion.
In a new announcement, the non-profit highlights its key focus areas.
“It is with great excitement that today we announce the re-establishment of the Dogecoin Foundation (est 2014), with a renewed focus on supporting the Dogecoin Ecosystem, Community and promoting the future of the Dogecoin Blockchain.”
The foundation says it formed a small group of advisors who will serve as allies and advocates for the meme crypto and provide key insights into particular strategic areas.
The advisory board has four members. Jared Birchall, who is representing Tesla CEO Elon Musk, will serve as the legal and financial advisor. Dogecoin core developer Max Keller will serve as technical advisor. Dogecoin co-creator Billy Markus (Shibetoshi Nakamoto) will serve as community and memes advisor. Finally, Buterin will be the blockchain and crypto advisor.
The foundation says it is also looking for funding to support full-time contributors for the project. The non-profit aims to build a group of annual sponsors to fund its activities and development team.
“Our Initial target is to secure a three-year budget so that we can on-board a minimum staff to improve Dogecoin full-time, without them having to worry about job security.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Ruslan Poluektov