The launch of Dogecoin Labs, an independent structure partnering with the Dogecoin Foundation, has drawn significant attention across the crypto industry and pushed the announcement to the top of social media trends on X. Led by Jordan Jefferson, the creator of MyDoge and DogeOS, the organization is bringing together three products: DogeOS for smart contracts, the MyDoge V3 wallet, which has more than 500,000 users, and Such App for QR payments. The investment platform House of Doge Inc. has also transferred its personnel and intellectual property to the project, with the goal of turning DOGE into a fully operational means of payment. The market remains cautious, with DOGE trading around $0.0820 after a 3.37% weekly gain, as investors assess the impact of Bitwise’s September closure of its DOGE ETF. Transaction volumes and the stability of smart contracts on the mainnet will need to confirm this new phase of development.
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