Dogecoin Foundation Receives Support from Elon Musk & Ethereum Co-Founder Vitalik Buterin

Eva Fox by Eva Fox August 19, 2021

Dogecoin Foundation Receives Support from Elon Musk & Ethereum Co-Founder Vitalik Buterin

Image: Dogecoin Foundation

The Dogecoin Foundation is re-establishing its work with the support of Tesla and SpaceX CEO Elon Musk's representative and Ethereum co-founder Vitalik Buterin, who now serve on its advisory board.

On August 19, the Dogecoin Foundation, founded in 2014, announced its re-establishing. The main goal of the foundation is to pay special attention to supporting the Dogecoin Ecosystem and Community, and promoting the future of the Dogecoin Blockchain. The announcement states: "We are here to accelerate the development effort by supporting current Dogecoin Core and future Dogecoin Developers to work on a full-time basis through sponsorship, as well as providing a welcome landing for new contributors hoping to help with the project."

The Dogecoin Foundation said it will announce new projects in the coming weeks that will complement the current Core Wallet to provide faster integration and easier APIs for financial, social, and philanthropic projects looking to use Dogecoin. In order to make this all a reality, it has created a small but very smart and amazing group of consultants with experience in various fields, who will be allies and advocates of Dogecoin, and committed to the growth and development of its ecosystem.

According to the statement, the new Dogecoin Foundation advisory board includes Ethereum co-founder Vitalik Buterin and Elon Musk's representative Jared Birchall. Ethereum's co-founder has been very positive about Dogecoin in the past and even hinted at collaborating with Ethereum.

Musk is represented by Birchall, his long-standing associate, and former senior vice president of Morgan Stanley. He is on the board of the Musk Foundation and is the manager of Tesla and SpaceX chief’s family office.

The foundation's board includes three prominent members of the Dogecoin community, Gary Lachance, Jens Whichers, and Timothy Stebbing, as well as core developers Michie Lumin and Ross Nicholl.

Elon Musk has been advising the core development team of Dogecoin since he was elected as "CEO" of the cryptocurrency in 2019. “Dogecoin might be my favorite cryptocurrency. It’s pretty cool,” Musk said in a tweet in response to a poll started by Dogecoin’s official Twitter account on April 1, 2019, asking who would make the best CEO for the cryptocurrency if it ever needed one.

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Article edited by @SmokeyShorts, you can follow him on Twitter

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