A Dogecoin (DOGE)-focused division of publicly traded over-the-counter software firm AppSwarm is looking to bring together global development teams to build off of the Dogecoin blockchain.
DogeLabs — a newly launched division of AppSwarm’s blockchain research lab, TulsaLabs — announced Wednesday a new initiative calling on DevOps teams to unite their efforts in building a “sort of decentralized network” of DOGE developers across the globe.
“These teams would share ideas and provide support for Doge based applications for both commercial and possible larger enterprises within their local jurisdictions under the DogeLabs network,” DogeLabs said in the announcement.
“For now it will be simple commercial applications to allow developers to integrate such things as micropayments, money transfers, and the like to their applications. Beyond that we will be exploring ways to integrate Doge into possible DeFi products,” DogeLabs founder and CEO Thomas Bustamante told Cointelegraph.
“It wasn’t till January we saw the potential of Doge becoming an actual use case currency for projects and thought we should build applications off that,” he said.
The executive pointed out in DogeLabs’ official Telegram group that the new initiative would be the “quickest and cheapest way to rapidly expand DogeLabs as a global player in Dogecoin.” The Dogecoin lab will review potential partners over the coming weeks, Bustamante noted, adding that DevOps teams must meet certain criteria that would be posted shortly.
Currently operating in New York and Tulsa, DogeLabs is a blockchain research lab and startup accelerator focused on commercial applications around the Dogecoin protocol. The lab’s CEO is also the founder and CEO of AI Venturetech, an artificial intelligence startup that cooperates with AppSwarm on its blockchain research lab. The company apparently moved into blockchain development after its securities offering was rejected by the United States Securities and Exchange Commission in 2020.
Dogecoin-related development appears to be promising, as DOGE has emerged as one of the fastest-growing digital currencies this year, posting gains of up to 13,500% year-to-date after surging from $0.005 to an all-time high of around $0.73. Amid the altcoin’s parabolic growth, Canadian company Geometric Energy Corporation announced plans to send a mission to the moon onboard a SpaceX Falcon 9 rocket in a Dogecoin-based deal.
Launched back in 2013 by IBM software engineer Billy Markus and Adobe engineer Jackson Palmer, Dogecoin is a cryptocurrency based on the popular “Doge” meme featuring a Shiba Inu dog. Dogecoin’s protocol is based on Luckycoin (LKY), which itself is derived from the Litecoin (LTC) blockchain.