- Timothy Stebbing wants to turn Dogecoin from a memecoin into an RWA platform in the long term.
- The plan initially calls for a sidechain before implementation on Dogecoin’s Layer 1 could come.
Dogecoin could gain a completely new use case in the next two to three years. Timothy Stebbing, Director of the Dogecoin Foundation and CTO of House of Doge, revealed today on
Dogecoin plans evolution: from memecoin to RWA platform
According to Stebbing, the infrastructure should initially not be developed on the Dogecoin Layer 1 itself, but on a sidechain infrastructure:
“This is a plan I have been working on for 12 months: to make Dogecoin an asset-backed currency over the next two to three years by moving the market for tokenization of real-world assets to the Fractal Engine – a purpose-built Dogecoin-denominated rules engine for RWAs.”
First, the tokenization of real assets will run via the Fractal Engine, which he describes as a tailor-made RWA rules engine for Dogecoin. Only when this model proves successful will the next step follow: moving RWA tokenization from the sidechain to the Dogecoin main chain via protocol upgrades.
“Once the model is proven, we plan to work on migrating RWA tokenization from the sidechain to Layer 1 – via protocol upgrades. This would result in Dogecoin becoming the leading platform for tokenization of assets denominated in Dogecoin.”
From the plan you can derive a bullish narrative for the Dogecoin price, which Stebbing himself explains. According to him, DOGE would not just be an accompanying asset, but the central exchange and settlement medium for real-world assets.
“This would give Dogecoin a direct use as a medium of exchange for RWAs – a market that is seen worldwide as the next stage of the financial system’s evolution. Not the tokenization of another inconsequential meme coin with no real value living parasitically on another chain. No – it’s about the tokenization of real assets: hotels, companies, minerals, oil and gas. And if you want to trade them, do it with Dogecoin.”
Stebbing is therefore aiming for a fundamental change of plan for Dogecoin: away from the mere meme internet currency, towards an infrastructure in which real assets are valued and traded in DOGE.
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