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ShapeShift creates FOX Foundation as intermediary for successful DAO transition

The FOX Foundation’s charter includes handling tasks such as paying bills in fiat currency, hosting servers, maintaining the platform’s centralized infrastructure until the transition completes, and replacing ShapeShift’s backend node with decentralized infrastructure FOXChain, developed in conjunction with Coinbase (NASDAQ:COIN) Cloud.

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Source: Cryptocurrency - investing.com

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