The Dogecoin Foundation is looking to raise funding now that the re-election of Donald Trump as the US President has rallied the crypto market to record highs

In a detailed message recently posted on X, the official handle of the Dogecoin Foundation said that it was seeking sponsors to fund their 2025 vision

The Dogecoin Foundation is seeking sponsors to fund its 2025 vision for the growth of the Dogecoin ecosystem.

As part of this plan, the foundation is aiming to launch a new service called Dogebox, which will onboard the “first million grassroot retailers to accept Dogecoin as a payment option.”

The Dogebox project will be part of the open-source work that the Dogecoin Foundation has been undertaking for some time now.

According to a post by the Dogecoin Foundation on X, Dogebox will be a decentralized infrastructure system that will enable everyday businesses to self-host and self-custody their online shops.

It will also allow for the integration of existing systems and the participation of regular node-runners in decentralized payment systems, rewarding them when people spend their Dogecoin on goods and services in their neighborhoods.

The Dogecoin Foundation is a non-profit organization that builds open-source projects for the Dogecoin Ecosystem and currently has several full-time developers working on various projects for the benefit of the Dogecoin community.

The foundation's goal since 2021 has been to create a usable, sustainable crypto that can be employed in everyday life, reducing the reliance on banks, brokers, and other third parties to facilitate transactions between two parties.

“We are currently seeking major sponsors for 2025 to benefit collectively from building open-source utility for the future of decentralized payments: putting crypto to work for its intended purpose, as a means of exchange, free from tyranny for all humanity,” the X post reads.

While the foundation has invited investors to come forward with their proposals, it hasn't specified the funding amount it is looking to attract for the development of Dogebox.

The foundation also aims to provide alternatives to traditional financial practices, which include banks, brokers, and other third parties to facilitate transactions between two parties.

For now, the foundation has not disclosed a specific timeline for the development of Dogebox.

Earlier this year, the Dogecoin Foundation announced a fund pool of 5 million DOGE tokens to support the growth of the memecoin.

This week, open interest for Dogecoin crossed $4 billion, marking the highest point for memecoins in terms of bets from futures traders.