The Dogecoin Foundation has officially launched the "Official Dogecoin Reserve" through its newly established commercial entity, and has completed the purchase of the first 10 million DOGEs. The initiative is a joint initiative between the Foundation and House of Doge to demonstrate the viability of DOGE as an efficient payment tool. House of Doge said the reserve is a'proof of concept 'for the Dogecoin payment scenario. House of Doge is expected to announce the first strategic partners in the coming months to further promote DOGE's global payment applications. In addition, the Dogecoin Foundation revealed that it is in communication with relevant US government personnel to explore the introduction of DOGE payment in urban parking, public utility payment, and other scenarios, and plans to promote DOGE wallet and educational activities through large-scale sports events.