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Regulation

Dogecoin Foundation Names Dogecoin Labs Partner as License Changes

Image: TokenPost

The Dogecoin Foundation named ABJ Labs Inc., doing business as Dogecoin Labs, its official commercial partner after the Foundation and House of Doge mutually terminated their exclusive trademark license. The prior license ended by mutual agreement effective Oct. 19. A replacement license gives House of Doge limited, nonexclusive rights to use Dogecoin marks for specified 21Shares products. Use for other regulated or tokenized products requires the Foundation’s written approval. The new arrangement does not grant House of Doge exclusivity or official-partner status. House of Doge agreed to pay the Foundation $400,000 when it has sufficient funds. Payment may be made in cash, shares or a combination. House of Doge and House of Doge (U.S.) Inc.

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