Dogecoin-based App Layer Raises $6.9 Million in Funding Led by Polychain Capital

• Web3 application layer DogeOS raises $6.9 million in a funding round led by Polychain Capital.

• The investment will help advance the development of next-gen applications on Dogecoin. 

• New DeFi, GameFi, and AI apps will be built on the “memecoin-focused” network. 

DogeOS, the pioneer application layer for the Dogecoin ecosystem, has successfully closed a $6.9 million funding round led by Polychain Capital. According to the team, the capital investment will fuel the development of the DogeOS platform, allowing new generation consumer-focused DApps to be built on the network, from finance to gaming and artificial intelligence. 

The infusion will also help strengthen the $DOGE network state and advance Dogecoin as a real-world solution provider for its users. Speaking on the closure of the latest funding round, Jordan Jefferson, CEO of MyDoge, the team behind DogeOS, believes this is the first step towards revolutionizing how Dogecoin is utilised. 

“Dogecoin has always been about community and culture – DogeOS is bridging the gap between Dogecoin’s massive consumer community and real on-chain innovation,” said Jordan Jefferson. “With over half a million users trusting MyDoge as their preferred wallet, we’ve seen firsthand the community’s demand for native Dogecoin experiences. DogeOS delivers on that demand – unlocking new use cases, more creativity, and a future where DOGE is built into everything.”

DogeOS is a pioneering platform in developing Dogecoin, allowing developers to build DApps using any language and any virtual machine on the network. The platform aims to connect development, culture and liquidity to power the next generation of consumer apps on Dogecoin. DogeOS champions Dogecoin as the people’s currency by empowering developers to build experiences in gaming, DeFi, AI, and more. 

As the original memecoin, Dogecoin boasts a huge following with over 10 million $DOGE holders. Nonetheless, the blockchain has seen little to no development of the platform since its launch a decade ago. Via DogeOS, users and developers will now be able to utilize the blockchain via its consumer-facing application layer. 

“DogeOS is a game-changer for the Dogecoin ecosystem,” said Luke Pearson, Partner at Polychain Capital. “Its ability to support a diverse range of applications, from gaming to AI, positions it as a critical layer for the future of decentralized innovation. We’re excited to support DogeOS in building a network that truly belongs to its community.”

Revolutionizing The Dogecoin Ecosystem 

The $6.9 million capital raise is expected to bring next-gen DApps on the eighth-largest blockchain, expanding developer tools and forging partnerships to drive adoption. It will help launch new initiatives within the Dogecoin ecosystem, including the launch of X-native applications and integrations to support next-generation AI and DeFi. DogeOS aims to make Dogecoin more than a meme coin—it’s a movement to create a fun, inclusive, and powerful digital economy.

According to Polychain Capital, the revolutionary benefits that DogeOS shows were crucial to the team investing in the platform. The platform has the potential to transform and redefine how users and communities engage with Dogecoin. Where once Dogecoin holders had little to do beyond trading or tipping, DogeOS now provides a vibrant platform for games, apps, and innovative DeFi strategies, all built on Dogecoin’s blockchain.

The platform aims to empower developers on the Dogecoin ecosystem by unlocking native DOGE yield and DeFi opportunities, empowering users to earn rewards and engage in decentralized finance directly with their Dogecoin. This App Layer transforms DOGE into a dynamic asset, offering seamless access to yield farming, stablecoin integration, and other cutting-edge financial tools.