Catenaa, Monday, December 02, 2024-The Dogecoin Foundation has called for funding to accelerate its 2025 plans, aiming to establish Dogebox, a decentralized payment platform designed to onboard small and medium-sized businesses into Dogecoin’s ecosystem.
Announced on X (formerly Twitter), Dogebox seeks to empower grassroots retailers by enabling Dogecoin-based payments, integrating with existing systems, and rewarding node operators. The Foundation described Dogebox as pivotal for achieving mass adoption, targeting the first million retailers to embrace the cryptocurrency as a payment layer.
The funding target for 2025 remains undisclosed, and the Foundation has not clarified if past supporters, such as Ethereum founder Vitalik Buterin or an anonymous Dogecoin mega-donor, will contribute. Buterin, whose Ethereum network faces scalability and adoption hurdles, did not respond to requests for comment.
Dogecoin’s open interest in futures hit an all-time high of $4.06 billion over the weekend before retreating to $3.6 billion, signaling growing investor activity. Meanwhile, Dogecoin is trading at $0.40, down 3% in the last 24 hours but maintaining momentum after reaching a three-year peak of $0.475.
The Dogecoin Foundation’s roadmap includes three key steps: expanding the developer community, simplifying Dogecoin’s use for commerce, and enhancing its scalability for global adoption. While the first two objectives are nearly complete, scalability efforts remain in progress.
Dogebox represents the cornerstone of these efforts, forming the basis for a decentralized, scalable ecosystem that could transform Dogecoin into a viable global payment system.
