mido-finance.com

The foundation wants to make a three-year budget safe in order to hire a small staff to work on Dogecoin full-time. The Dogecoin Foundation, a nonprofit organization that have the goal to back up the development of the memecoin through advocacy, governance and trademark protection, has been re-established.

  • The foundation brags some well-known board members and advisers, containing Ethereum co-founder Vitalik Buterin, who is serving as the foundation’s “blockchain and crypto adviser.”
  • Jared Birchall, a representative who was nominated by Tesla co-founder and influential Dogecoin (DOGE, -8.3%) supporter Elon Musk and who is the head of Musk’s family office, joins as the foundation’s legal and financial adviser, as Dogecoin core developer Max Keller will serve as a technical adviser and Dogecoin co-creator Billy Markus will be the community and memes adviser.
  • Board members contain Dogecoin Foundation veteran Jens Wiechers and Dogecoin core Blockchain developers Michi Lumin and Ross Nicoll.
  • Originally started in 2014, the foundation grew inactive over time and at last dissolved.
  • The foundation is now wish to make a three-year budget safe so that it can hire a small staff to work on Dogecoin full-time.
  • It also said that in the coming weeks the foundation “will be announcing new projects that will complement the current Core Wallet to enable faster integration and easier APIs (application programming interfaces) for financial, social and charitable projects wishing to use Dogecoin.”

Altcoins

  • AUDIO Market Cap Surges :  Prices for AUDIO, the governance token of decentralized music streaming protocol Audius, almost doubled in the past day, pushing its market capitalization above $1 billion for the first time. The price surge comes after Audius decleared its partnership with popular video-sharing app TikTok. Data from TradingView and FTX indicates that AUDIO’s price started pumping around 16:00 UTC on Aug. 16 and reached a high at $4.04 at nearly 6:00 UTC on Aug. 17. News of the TikTok tie-up first emerged at 15:00 UTC on Aug. 16.
  • Dfinity’s ICP Rebounds: The Blockchain firm Dfinity made titles in May when its internet computer (ICP) tokens were officially released for public trading at a price of $630, giving the project a $45 billion market capitalization. The eagerness rapidly evaporated as the token plunged 95% over the following month to as low as $27. While then, the token’s price has doubled to more than $60, based on data from Messari, signaling renewed appetite from investors. Some traders are eager towards the token thanks to a recent increase in developer activity taking place on the network. That’s despite lingering ill will among some investors and developers, containing dissidents who have formed a splinter group as well as plaintiffs in a class-action lawsuit filed in a U.S. federal court.
  • 1inch Network Launches on Ethereum Optimism: 1inch Network, a platform that aims to find the best deals across multiple decentralized exchanges (DEXs), has expanded to the Optimistic Ethereum mainnet. The move to the layer 2 network makes 1inch Network the second decentralized finance (DeFi) app on Optimistic Ethereum, with the first being Uniswap, 1inch spokesperson Sergey Maslennikov said.