The DogeOS platform, which aims to develop the Dogecoin ecosystem, raised $6.9 million in investment during a funding round led by Polychain Capital. Notably, DogeOS is also a specialized layer for the Dogecoin blockchain.
The new capital will support the creation of a variety of consumer applications, "strengthening the Dogecoin ecosystem and developing DeFi services."
The statement also said that DogeOS aims to connect the Dogecoin community with on-chain innovations, offering new use cases and broader integration of the DOGE coin into applications.
The CEO of MyDoge — the team behind DogeOS — Jordan Jefferson noted:
"We see a demand for native Dogecoin solutions. DogeOS responds to this demand — opening up new use cases, more creativity, and a future where DOGE is embedded everywhere," he added.
Earlier we reported that the Nasdaq exchange submitted an application to the U.S. Securities and Exchange Commission in the form of 19b-4 to launch a Dogecoin-ETF from 21Shares.#TradeStories #FOMCMeeting #PectraUpgrade #BinanceSquare #Write2Earn $DOGE