Subsequently several years of near total media silence, the Dogecoin Foundation is coming back to back up core developers and projects benefiting the meme-based cryptocurrency.

In a Tuesday announcement, the Dogecoin Foundation said it would be reestablishing itself in an effort to support the Dogecoin (DOGE) customs as well as promote the future of the blockchain. The foundation said it would be announcing new projects in the coming weeks encouraging the adoption and utility of DOGE "that increase Dogecoin uptake at a grassroots level."

"The Foundation holds the Dogecoin marker and the Dogecoin Logo and will maintain them for the community," said the proclamation. "This will mean the Foundation tin go on to protect the Dogecoin Brand and allow (nether a very liberal license) the ability to employ it for Dogecoin-related memes, projects and fun. — We've got your dorsum on this ane."

According to the foundation, it is aiming to secure a three-year budget to onboard team members to support its goals. The project's website lists Ethereum co-founder Vitalik Buterin, Dogecoin co-founder Baton Markus and Dogecoin core developer Max Keller as advisery lath members. In improver, Tesla CEO and DOGE proponent Elon Musk's interests volition seemingly be represented by Neuralink CEO Jared Birchall.

Related: Dogecoin hasn't always been a 'fun meme coin'

First formed in 2022, months after Dogecoin founder Jackson Palmer announced the projection on Twitter as a joke, the foundation was behind many charitable contributions in and out of the crypto infinite. However, after some of its founders — Ben Doernberg and Eric Nakagawa — left the original foundation, the group had largely been silent.

As data from Cointelegraph Markets Pro shows, the price of DOGE has risen more than than 19% in the last week to reach $0.32 at the fourth dimension of publication.