House of Doge Asset Transfer to Dogecoin Labs Awaits Closing Conditions
Photo: TokenPost
House of Doge has agreed to contribute selected operations and assets to Dogecoin Labs for an equity stake, but closing conditions leave the transfer pending. The contribution covers selected product, engineering and commercial operations, along with related assets. House of Doge would receive an equity stake in Labs as part of the transaction, which remains subject to closing conditions. Dogecoin Labs was announced Oct. 21 as an independent organization formed with the Dogecoin Foundation. It is intended to bring MyDoge, DogeOS and Such App under one operation, focused on product development and commercial opportunities.
Source: TokenPost
