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DogeLabs, AppSwarm’s recently founded Dogecoin division, aims to become a major Dogecoin player by uniting global DevOps teams.
AppSwarm, a publicly traded over-the-counter tech company, is aiming to pull together multinational development teams to expand on the Dogecoin network.
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.
In DogeLabs’ official Telegram group, founder and CEO Thomas Bustamante said that the new venture would be the “quickest and cheapest way to rapidly expand DogeLabs as a global player in Dogecoin.” Bustamante stated that the Dogecoin lab will review prospective collaborators in the coming weeks, adding that DevOps teams must follow some conditions that will be posted shortly.
DogeLabs is a blockchain development centre and startup accelerator based in New York and Tulsa that focuses on commercial applications based on the Dogecoin protocol. The CEO of the company is also the founder and CEO of AI Venturetech, a company that collaborates with AppSwarm on its blockchain research lab. Following the rejection of its stock offering by the United States Securities and Exchange Commission in 2020, the firm appears to have shifted its focus to blockchain growth.
AppSwarm did not respond immediately to Cointelegraph’s request for comment.
DOGE has emerged as one of the fastest-growing digital currencies this year, recording returns of close to 13,500 percent year to date after soaring from $0.005 to an all-time peak of about $0.73. In the midst of the altcoin’s meteoric rise, Canadian firm Geometric Energy Corporation announced plans to launch a flight to the moon on a SpaceX Falcon 9 rocket using Dogecoin.
Dogecoin, a cryptocurrency based on the famous “Doge” meme featuring a Shiba Inu puppy, was launched in 2013 by IBM software engineer Billy Markus and Adobe engineer Jackson Palmer. The Dogecoin protocol is based on the Luckycoin (LKY) blockchain, which is derived from the Litecoin (LTC) blockchain.