The Dogecoin Foundation, a non-profit entity dedicated to advocating for the meme coins development, has released its first-ever plan, which includes a number of new projects.
The Foundation has released a “trailmap” that looks at eight projects, along with the debut of LibDogecoin and GigaWallet.
— Dogecoin Foundation (@DogecoinFdn) December 23, 2021
In the foundation’s eight-year history, this is the first roadmap it has issued.
The foundation inked the Dogecoin Manifesto in August, which described the token’s objective and invited admirers of the Shiba Inu-inspired cryptocurrency to sign it as well, recording input and what the community desired from it.
Dogecoin, Vitalik Buterin, and Elon Musk
The Dogecoin Foundation has a number of big names as its board members and consultants, including Vitalik Buterin, the co-founder of Ethereum.
The foundation said in its roadmap that it has joined hands with Buterin on “crafting a uniquely Doge proposal for a ‘community staking’ version of Proof of Stake (PoS) that will allow everyone, not just the big players, to participate in a way that rewards them for their contribution to the network’s running.”
The foundation goes on to add that it has some powerful friends on its side, as well as a growing group of people who are eager to devote development time to these open-source projects.
Musk claimed in February called dogecoin “the future money of earth.” He also called it “people’s crypto” on many occasions. Musk’s involvement in the DOGE token community has aided in the mooooning (his phrase) of the cryptocurrency and other alternative crypto tokens.
DOGE came into the picture as a result of a joke in 2013 and has since grown to become the 12th most valuable token in terms of market capitalization, according to CoinMarketCap.
In July, Dogecoin creator Jackson Palmer left the crypto and stated that he would not return because it “is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight, and artificially enforced scarcity.”