(Tulsa) --While more companies announce the potential uses for Dogecoin we wanted to provide a short vision statement for DogeLabs startup accelerator project, and where we go from here.
Well, this is one of the first questions we get when people first here about DogeLabs. True, Dogecoin as an asset itself may not offer real long-term value based on its very dilutive structure of issuing new tokens each year, but in our opinion it does hold value.
What Doge does offer is high liquidity, fast transaction speed, and brand popularity, which could make it a unique protocol on which to build new commercial applications such as money transfers, micropayments, in-app purchases, and customer rewards.
Doge developers recently released a new version of the protocol's core that promises improved synchronization speed and reduced default mempool expiry time.
The Dallas Mavericks, a professional basketball team owned by "Shark Tank" co-host Mark Cuban, announced just a month ago that its fans can now use Dogecoin to buy tickets and merchandise online.
Luxury hotel chain Kessler Group in March said it will partner with BitPay to accept Bitcoin, Ethereum, Dogecoin, effectively immediately.
Did someone say Amazon? Well, a current petition posted on Change.org seeks to get Amazon to accept Dogecoin for payments, and is very close to achieving its goal of 200,000 signatures. That would be titanic if it happened!
Well, what is this all telling us? It's showing the the once laughed at joke coin with the funny dog photo is quickly becoming a legitimate form of digital payment. This transition from joke coin to developer platform could trigger a new wave of app products around the Dogecoin protocol.
Oh, did we mention Elon Musk? The Dogefather of Dogecoin! This dynamic billionaire was a key catalyst in kick-starting Dogecoin back near $0.01 maybe as a joke to pass the time away, or something he saw around the loyal Doge community. Who knows.
Either way we are big fans of Elon Musk and his support for the Doge project. Oh, and if he is reading this, psst…..Hey Elon, call us!
So How Will DogeLabs Make Money?
DogeLabs, in conjunction with TulsaLabs.io, is quickly launching its startup accelerator that will assist in providing access to seed funding, training and mentorship to blockchain startups to help them pass successfully through the early stages of business growth.
This will give DogeLabs, and its parent company AppSwarm, potential equity stakes and revenue partnerships in these exciting new blockchain startups through our blockchain startup accelerator.
So What's Next?
Yes, there is still much to do, but one thing for sure is they are all going to be super exciting. These include building a Board of Advisors, which we already started with the appointment of appointment of Karim Quazzani, the CEO of pet blockchain company Pawtocol (CRYPTO: UPI).
Next will be to closing new partnerships with operating companies, finding institutional investment partners to partner with the lab, and work towards launching out new accelerator projects to market in the coming days to weeks. It could be an exciting summer for sure.
This isn't done overnight, but rest assurd there will be many news updates coming from the lab as blockchain quickly becomes the Internet 2.0, or Web 3.0 of sorts, in the tokenization of the global economy -- so stay tuned!
For investor updates on our blockchain accelerator lab please register at https://dogelabs.io/investors/
For startups interested in learning more on how our lab may assist them please contact us at https://dogelabs.io/contact/
DogeLabs, are strictly a research firm focused on the development of blockchain applications, and in no way is involved with the buying, selling, issuance of any cryptocurrencies, or investment advice.
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