The Dogecoin Foundation has unveiled plans to pursue major sponsorships in 2025 to fund Dogebox, an innovative decentralized payment system designed for small and medium businesses.
Dogebox aims to become the gateway for enabling one million local retailers to accept Dogecoin payments directly. The platform will allow merchants to host their own online stores while integrating Dogecoin into their existing payment infrastructure. As an incentive, node operators who help process decentralized transactions will earn rewards when customers pay using Dogecoin.
The Foundation's announcement comes as DOGE trades at $0.40, down 3% in 24 hours after recently hitting a three-year peak of $0.475.
Since its 2021 launch, the Foundation has received backing from Ethereum creator Vitalik Buterin and an unnamed major Dogecoin holder. Recent milestones include completing 90% of their developer community growth plans and fully removing commercial adoption barriers.
Looking ahead, the Foundation's roadmap prioritizes scaling transaction throughput globally while maintaining their community-focused development approach. The organization emphasizes practical strategies to drive real-world adoption of the Dogecoin blockchain ecosystem.
While specific funding targets for 2025 remain undisclosed, the Foundation appears focused on building infrastructure to support mainstream merchant adoption. The Foundation has not provided additional details about the sponsorship initiative when contacted.