The fund has five custodians, with Marshall Hayner (the newest member of the DF Board of Directors) being one of them.
The Dogecoin Foundation – a nonprofit organization that supports the development of the first-ever memecoin – announced a new 5,000,000 DOGE development fund. The capital will be distributed to developers who contribute to the advancement of the token’s ecosystem.
Members of the Dogecoin Foundation will run the wallet, while the following five custodians will ensure its security: chromatic , Marshall Hayner, Patrick Lodder, Michi Lumin, and Ross Nicoll. “Marshall brings executive and technical leadership experience to the Dogecoin Foundation and has been instrumental in creating this Core development fund,” the entity added.The organization, established in 2014, stayed inactive for years before itsin 2021 with a new Advisory Board. Prominent figures part of that unit include Ethereum’s Vitalik Buterin, Dogecoin’s Founder Billy Markus , and Jared Birchall .
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