Collaborator of Elon Musk and Vitalik Buterin among the advisers of the board of the old-new Dogecoin Foundation

The Dogecoin Foundation, which has been inactive for years, has been relaunched with new councilors and advisors. He now includes prominent names such as Tesla CEO and SpaceX Elon Musk, who is represented by his collaborator and co-creator of Ethereum Vitalik Buterin.

Old-New Dogecoin Foundation

The foundation was originally established as a non-profit in 2014. In 2013, Jackson Palmer and Billy Markus originally created Dogecoin (DOGE) as a meme, with altcoin currently the seventh largest cryptocurrency with a market capitalization of nearly $ 40 billion.

Meanwhile, seven years after the Dogecoin Foundation was first born, the major developers have returned with a team of heavyweights in the cryptocurrency sector. An excerpt from the press release on the latest developments is as follows:

“We are here to accelerate the development efforts behind current Dogecoin Core and future Dogecoin developers to work full time through sponsorship, and we also provide welcome support to new contributors who hope to help with the project.”

The announcement also states that the foundation is seeking a three-year budget. The fund would be used to hire a small number of people to work on Dogecoin full time.

In the coming weeks, the foundation will “launch new projects to complement its current core wallet, enabling faster integration and an easier API (application programming interface) for financial, social and charitable projects that want to use Dogecoin.”

Prominent members of the Dogecoin Foundation board include prominent members of the Dogecoin community. These are Jens Wiechers, Gary Lachance and Timothy Stebbing. Other key developers are the DOGE project, Ross Nicoll and Michi Lumin.

Collaborator of Tesla CEO and Vitalik Buterin among the advisors of the board

The board’s new advisors also include co-creator of blockchain ETH Vitalik Buterin and Elon Musk’s deputy Jared Birchall. Other advisors include Shibetoshi Nakamoto and other Dogecoin Core developer Max Keller. Birchall is the head musko of the family office and a former senior vice president of Morgan Stanley.

The appearance of Deputy Elon Musk in the advisory board is not surprising after the many expressions of Tesla CEO support for this token.

In early July, Musk criticized BTC and ETH, the two largest digital assets by market capitalization, saying their transactions were expensive and slow. The technology billionaire then added that DOGE could be a better alternative for faster transactions and minimal fees.