DogeOS team has raised $7 million to develop Dogecoin-based applications

The project aims to offer more use cases for the meme token

06.05.2025 - 15:25

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What’s new? The DogeOS team has successfully closed a $6,9 million funding round led by Polychain Capital. The funds will enable the creation and support of a wide range of consumer applications, including games and AI-based projects, strengthening the Dogecoin (DOGE) ecosystem and its DeFi services.

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What else is known? DogeOS aims to innovate the ecosystem of DOGE, the oldest and largest meme token by capitalization, by offering new uses for the asset and integrating it into more applications.

DogeOS is an application development platform based on the Dogecoin blockchain.

As Jordan Jefferson, the CEO of the company behind DogeOS, MyDoge, noted, Dogecoin has always been about community and culture, and its platform is designed to bridge the gap between the huge community of consumers and real blockchain innovation.

“With over half a million users trusting MyDoge as their preferred wallet, we’ve seen firsthand the community’s demand for native Dogecoin experiences. DogeOS delivers on that demand – unlocking new use cases, more creativity, and a future where DOGE is built into everything,” Jefferson added.

DOGE ranks eighth in the overall cryptocurrency ranking with a capitalization of $24,7 billion and is trading at $0,1656, having lost 2,9% over the day. For the week, the drop amounted to 7,3%, and the asset has lost 47% since the beginning of the year.

In early April, Nasdaq filed an application with the US Securities and Exchange Commission (SEC) for the listing of an exchange-traded fund (ETF) based on DOGE from the investment company 21Shares.

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