Dogecoin Labs launched to build a commercial ecosystem around DOGE
- —Dogecoin Labs was formed with the Dogecoin Foundation to consolidate scattered products
- —MyDoge (500,000+ users), DogeOS and Such App move under the new company
- —Jordan Jefferson, founder of MyDoge and DogeOS, becomes CEO
- —DogeOS opened a testnet in late September; focus areas include payments, gaming, AI and DeFi
Why it matters: The company aims to turn DOGE from a meme coin into a payments ecosystem with real products, which could support demand for the token.
Source: Newsbit