The Dogecoin Foundation, which has been overseeing the development of the popular memecoin since its establishment in 2014, is now seeking sponsors to fund its ambitious vision for 2025. As Dogecoin’s value continues to rise—currently trading at $0.3863 (around Rs. 32.5)—the foundation is looking to expand its ecosystem by introducing a new service, Dogebox.
In a recent post on X (formerly Twitter), the Dogecoin Foundation detailed its goal to raise funds for Dogebox, which aims to help onboard “the first million grassroots retailers” to accept Dogecoin as a payment method. The foundation envisions Dogebox as a decentralized infrastructure system that will allow everyday businesses to self-host online shops, integrate with existing systems, and offer decentralized payment options, rewarding node-runners when Dogecoin is spent in local communities.
Elon Musk, a vocal supporter of Dogecoin, has long praised the cryptocurrency for its potential as a practical payment option, highlighting its advantages over other cryptocurrencies like Bitcoin and Ethereum. The Dogecoin Foundation’s plans for Dogebox are aligned with Musk’s vision of increasing the utility of Dogecoin in everyday transactions.
The foundation has not yet specified the amount of funding it seeks for the Dogebox project but has called for investors to contribute. The non-profit organization has been dedicated to building open-source projects to benefit the Dogecoin ecosystem and currently employs a team of full-time developers.
In addition to Dogebox, the foundation previously launched a fund pool of five million DOGE tokens in 2023 to support the growth of Dogecoin. As of this week, open interest in Dogecoin futures surpassed $4 billion (approximately Rs. 33,725 crore), marking a significant milestone for the memecoin market.
