tl;dr
The Dogecoin Foundation is seeking funding to grow the community through network development, aiming to onboard grassroots retailers to accept Dogecoin as a direct payment layer. The amount of funds targeted for 2025 is unspecified, and major sponsors are being sought. Dogecoin, currently trading at...
The Dogecoin Foundation is seeking funding to grow the community through network development, aiming to onboard grassroots retailers to accept Dogecoin as a direct payment layer. The amount of funds targeted for 2025 is unspecified, and major sponsors are being sought. Dogecoin, currently trading at $0.40, is down 3% in the past 24 hours. The Foundation has previously received capital injections from Ethereum founder Vitalik Buterin and an anonymous Dogecoin mega-holder.
The planned Dogebox infrastructure aims to empower small and medium-sized businesses for decentralized payments, with a focus on self-hosted online stores and integrating Dogecoin into existing payment systems. The Foundation's roadmap includes objectives to grow Dogecoin's development community, lower barriers to entry, and increase global throughput, with progress at 90% and 100% for the first two objectives, and ongoing work for the last.
The Dogecoin Foundation has put out a call for an unspecified amount of funding, with the goal of growing the community through future network development. Developers are seeking several major sponsors in 2025 to fund efforts to drive mass adoption, according to the Dogecoin Foundation’s X (formerly known as Twitter) post on Sunday. The donations will go toward building Dogebox, a decentralized payment infrastructure that aims to empower small and medium-sized businesses.
“The vehicle we envisage for onboarding the first million grassroots retailers to accept Dogecoin as a direct payment layer,” the Dogecoin Foundation said Monday in a statement on social media. The amount of funds developers aim to raise in 2025 remains unclear. The Dogecoin Foundation did not immediately reply to Decrypt's requests for comment.
Dogecoin is trading at $0.40 as of writing time, just a few days after eclipsing a three-year-high price of $0.475, according to CoinGecko data. The token is down 3% in the past 24 hours. Founded in 2021, the Dogecoin Foundation has received several capital injections of undisclosed amounts from Ethereum founder Vitalik Buterin, as well as an anonymous Dogecoin mega-holder, according to the Dogecoin Foundation. However, it is unclear if either of those donors will continue to sponsor the Dogecoin Foundation. Vitalik Buterin did not immediately respond to Decrypt’s request for comment on the matter.
Dogebox will enable retailers to self-host online stores, integrate Dogecoin into existing payment systems, and allow node operators to participate in decentralized transactions. Operators will be rewarded when Dogecoin is used for goods and services, creating what’s intended to be a robust ecosystem for decentralized payments. The decentralized infrastructure is the crown jewel of the Dogecoin Foundation's “trailmap,” a sweeping, community-driven plan for the Dogecoin blockchain and ecosystem.
It consists of three steps: growing Dogecoin's development community and making it more accessible; lowering the barrier of entry to Dogecoin and prepping it for use in commerce; and increasing Dogecoin's global throughput to meet global currency scalability expectations. The Dogecoin Foundation's recent roadmap update shows those first two objectives are 90% and 100% completed, respectively. However, the last trailmap target is still largely underway.