Dogecoin just got a big ol' upgrade
Ever have that kid in school who said: “Yeah look, I may be the class clown, but I’ve decided to run for class President.”
It started as a joke amongst friends, but soon enough the campaign caught on.
Next thing you know, they’re standing on stage taking the role pretty damn seriously, talking about how they’re going to “put coke back into the vending machines.”
A similar type of thing is playing out with Dogecoin (DOGE).
For those of you playing at home, here's a quick history of DOGE:
It launched as a meme coin in 2013, and a loyal community quickly built around it.
With significant support from Reddit and Elon Musk's Twitter feed, DOGE’s market cap reached $88.8B in May 2021.
And while it’s now back down around $8.1B, development around the coin continues.
The latest piece of innovation on the DOGE network, is 'Dogechain,' which aims to:
“Increase the use cases of Dogecoin by providing it with much needed utility.”
Basically, it'll allow developers/users to create NFTs, Games, and DeFi products on Dogecoin.
Which is cool!
...but here's the real takeaway:
This shows just how important community is for Web3 projects.
You can have as many developers and use cases as you want, but if you don't have community, it ain't going to fly.