Ethereum creator Vitalik Buterin and representative Elon Musk publicly support Dogecoin

The Dogecoin developers announced the resumption of the activities of the Dogecoin Foundation, a non-profit organization that aims to develop the ecosystem of this meme cryptocurrency.

The Dogecoin Foundation's advisors included Ethereum creator Vitalik Buterin, a longtime associate of Elon Musk and head of his family office Jared Birchell, Dogecoin co-founder Billy Markus and developer Max Keller.

The Dogecoin Foundation plans to accelerate the development of Dogecoin by hiring new employees for full-time employment, continue to protect the Dogecoin brand and logo, and introduce new projects for the Dogecoin ecosystem.

We believe Dogecoin deserves the attention of a team of regular contributors who can help carry the burden of these more mundane tasks by supporting the Dogecoin project. The Foundation has prepared a budget and has received expressions of interest from a number of people who can contribute. We aim to create a group of annual sponsors who can cover the Foundation's activities and a small development team. Our initial goal is to secure a three-year budget so that we can recruit a minimum of staff to improve Dogecoin full-time without worrying about keeping our jobs running. - Dogecoin Foundation

Since the beginning of 2021, the Dogecoin rate has grown by 7150%. In early May, the coin rate set a historic high at $ 0.73, with an increase of 18,150% since the beginning of the year. Today the exchange rate is $ 0.3 and the market capitalization is $ 39 billion.

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