The Dogecoin (DOGE) division of the OTC software company AppSwarm aims to bring global development teams together to create the Dogecoin blockchain.

DogeLabs – the newly created arm of the AppSwarm blockchain research lab, TulsaLabs – on Wednesday announced a new initiative asking DevOps teams to team up to create a “kind of decentralized network” for DOGE developers worldwide.

“These teams will share ideas and support Doge-based applications for both commercial companies and large potential projects within their local jurisdictions on the DogeLabs network,” DogeLabs said in a statement.

DogeLabs founder and CEO Thomas Bustamante told DogeLabs official Telegram group that the new initiative will be “the fastest and cheapest way to quickly expand DogeLabs as a global Dogecoin player.” Bustamante indicated that the Dogecoin laboratory will review potential partners in the coming weeks, and adds that the DevOps teams must meet certain criteria that will be published shortly.

Currently based in New York and Tulsa, DogeLabs is a blockchain research laboratory and startup accelerator focused on commercial applications based on the Dogecoin protocol. The CEO of the laboratory is also the founder and CEO of AI Venturetech, a start-up of artificial intelligence that has partnered with AppSwarm in its blockchain research laboratory. It appears that the company has switched to blockchain development after a securities offer was rejected by the US Securities and Exchange Commission in 2020.

AppSwarm did not immediately respond to Cointelegraph’s request for comment.

Developments related to Dogecoin look promising as DOGE has become one of the fastest growing digital currencies this year, growing up to 13,500% YTD after rising from $ 0.005 to a record high of around $ 0.73. … … Amid the rise of the altcoin dish, the Canadian Geometric Energy Corporation has announced plans to send a mission to the moon aboard a SpaceX Falcon 9 rocket as part of a Dogecoin-based deal.

Launched in 2013 by IBM software engineer Billy Marcus and Adobe engineer Jackson Palmer, Dogcoin is a cryptocurrency based on the popular Doge meme featuring a Shiba Inu dog. The Dogecoin protocol is based on Luckycoin (LKY), which in itself is derived from the Litecoin (LTC) blockchain.