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In a recent tweet, vocal Dogecoin member Mishaboar shared a reminder with the Dogecoin community. He reminded the community that no entity, fund, or enterprise owns or officially represents Dogecoin. He added that anyone implying or stating authority over Dogecoin might be pushing a misleading claim.
In his words, Doge is permissionless and decentralized, letting anyone use it, build with it, or do whatever with it. "Legitimacy is earned, not claimed," Mishaboar said, asking his X followers to "judge any company, fund, or entity by its track record, its openness and transparency, the real value of its work and products. And pay attention to the way they communicate to the most vulnerable of their followers."
While Dogecoin has no CEO, no official owner, nor central authority, it does, however, have a foundation. The Dogecoin Foundation is a not-for-profit organization established by members of the Dogecoin team in 2014 to provide support for the Dogecoin cryptocurrency through development and advocacy, and for the defense of the Dogecoin trademark to prevent abuse and fraud.
In a recent milestone, House of Doge, which aims to bring innovation and new partnerships to Dogecoin as the official partner to the Dogecoin Foundation, has achieved the status of being a publicly traded company, marking the start of its next phase of growth across payments, treasury, tokenization, and professional sports.
Dogecoin news
In a positive development for Dogecoin, T. Rowe Price has brought what it calls the industry's first actively managed multi-token spot crypto exchange-traded fund (ETF) to the market.
The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of crypto assets including Dogecoin.
At the time of writing, Dogecoin was down 2.05% in the last 24 hours to $0.071 as a selloff in Asian semiconductor shares dragged every major cryptocurrency lower. The broader crypto market is currently consolidating as on-chain metrics have yet to confirm a reversal, and the Fear and Greed Index at 25 remains in extreme fear territory.
Dan Burgin
U.Today Editorial Team
