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Planning for Better Breed of DOGE: Dogecoin Foundation Lays Out First-Ever Road Map

It’s the first-ever road map released by the foundation in its eight-year history and explores eight new projects, including the launch of LibDogecoin and GigaWallet.

Updated Apr 9, 2024, 11:16 p.m. Published Dec 24, 2021, 3:59 p.m.

A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets. (Unsplash, modified by CoinDesk)

The Dogecoin Foundation, a nonprofit organization that aims to support the development of the meme coin through advocacy, has launched its first-ever road map detailing a number of new projects.

The foundation announced a dogecoin “trail map” that features eight projects, including the launch of LibDogecoin and GigaWallet.
This is the first such road map released by the foundation in its eight-year history.
In August, the foundation signed the Dogecoin Manifesto, which explained the goal of DOGE and allowed the fans of the Shiba Inu-inspired cryptocurrency to also sign the manifesto capturing feedback and what the community wanted from the project.
The Dogecoin Foundation, boasts some well-known board members and advisers, including Ethereum co-founder Vitalik Buterin.
In its road map, the foundation said it is working 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 running the network.”
The foundation goes on to say it has “some influential friends” on its side and a growing group of people who are getting ready to contribute development time to these open-source projects.
In February, Elon Musk suggested in a tweet that dogecoin might be “the future currency of earth.” Musk’s involvement in the DOGE token tribe has helped send the cryptocurrency “mooooning” (his word), along with other alternative cryptocurrencies.
DOGE started as a joke in 2013, and is now the 12th most valuable cryptocurrency by market value, according to CoinMarketCap.
In July, dogecoin founder Jackson Palmer said that he would not be returning to cryptocurrency as it is “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.”
On Friday, DOGE was trading at $0.186232, up more than 5% over the last 24 hours.

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Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.