Dogecoin Labs Brings MyDoge And DogeOS Together In Commercial Reset

TL;DR: Dogecoin Labs is bringing wallet, payment and application teams into one organization. House of Doge says it will contribute operations for an equity stake while retaining rights tied to investment products. Dogecoin’s commercial development is getting a new organizational structure, with consumer products and application infrastructure being brought together under Dogecoin Labs. House of Doge announced definitive agreements on Wednesday to contribute selected operations and assets in exchange for an equity stake. The arrangement links its product and engineering capabilities with MyDoge, DogeOS and the Such App payments business. The release names Jordan Jefferson as Dogecoin Labs’ chief executive and identifies Alex Lewis and Dogecoin Foundation director Tim Stebbing among its leadership. It does not disclose the size of House of Doge’s equity holding. A New Division Of Responsibilities House of Doge says its previous exclusive commercial agreement with the Dogecoin Foundation has been replaced by a long-term license. It retains rights for its collaboration with 21Shares on Dogecoin investment products and for future tokenized alternative investments. Dogecoin Labs becomes...