It should be noted that Nicoll, also works as a full time employee for another company, the name of which is currently unknown. According to Nicoll, his departure is not absolute and there’s “further complication” as his employer is moving into the blockchain space, which could stoke the risk of conflict of interest if he were to remain as director of the Dogecoin Foundation. “I’m handing over everything I can to the Dogecoin Foundation. I will be remaining as an advisor to the Foundation, to enable transition,” he wrote in a blog post.
The chief developer also wrote about the number of threats that Dogecoin Foundation continues to face. In 2021, a number of parties were registering trademarks for Dogecoin, presumably to claim “they” were Dogecoin. “External parties we had never heard of managed to get articles published which referred to them as Dogecoin developers. In the summer of 2021, there was a potential lawsuit against the developers from someone who claimed we were responsible for their funds,” Nicoll said, adding that he is not in the right mindset to steer Dogecoin into the next phase.
