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Kabosu, the Face of Cryptocurrency Dogecoin, Dies at 18, Owner Says

This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)
This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)
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Kabosu, the Face of Cryptocurrency Dogecoin, Dies at 18, Owner Says

This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)
This picture taken on March 19, 2024 shows Atsuko Sato (L) with her Japanese Shiba Inu dog Kabosu, best known as the logo of cryptocurrency Dogecoin, playing with students at a kindergarten in Narita, Chiba prefecture, east of Tokyo. (AFP)

Kabosu, the Japanese dog that became a global meme and the face of alternative cryptocurrency Dogecoin has died at 18, her owner announced in a blog post on Friday.

The Japanese Shiba Inu passed away while sleeping, her owner Atsuko Sato wrote.

Kabosu became recognizable as the face of Dogecoin, an alternative cryptocurrency that began as a satirical critique of the 2013 crypto frenzy.

But the token jumped in value after Tesla boss Elon Musk, a proponent of cryptocurrencies, began tweeting about it in 2020. Since then the billionaire has repeatedly promoted the coin.

Dogecoin added as much as $4 billion to its market value last year when the billionaire, who bought social media site Twitter in 2022, briefly replaced Twitter's blue bird logo with an image of Kabosu. Musk subsequently renamed Twitter X.

With a market capitalization of around $23.6 billion, Dogecoin is now the ninth biggest cryptocurrency, according to data site Coingecko.com. “The impact this one dog has made across the world is immeasurable,” Dogecoin posted on social media site X on Friday.

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Ubisoft Unveils ‘Creative Houses’ Model as First-Quarter Bookings Miss Expectations

The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)
The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)
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Ubisoft Unveils ‘Creative Houses’ Model as First-Quarter Bookings Miss Expectations

The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)
The logo of Ubisoft is seen in Montreuil, near Paris, France, July 13, 2020. (Reuters)

France's lead videogame maker Ubisoft announced on Tuesday a sweeping reorganization of its internal structure, shifting to autonomous "Creative Houses" tailored to specific gaming genres, as it reported first-quarter net bookings that fell short of expectations.

The company said in a call that the leadership of each Creative House would be selected based on specific gaming genres, and could include those from creative or technical backgrounds, as part of the new approach.

"These units will reflect our diverse types of gaming experiences and will allow for enhanced quality, focus, autonomy and accountability," CEO and co-founder Yves Guillemot said in a statement.

The first such unit, jointly owned with China's Tencent, will manage flagship franchises including Assassin's Creed, Far Cry, and Rainbow Six. Co-CEOs Christophe Derennes and Charlie Guillemot will lead brand development across multiple platforms.

Ubisoft plans to roll out the full organizational changes by the end of the year.

The company reported first-quarter net bookings of 281.6 million euros ($305.7 million), missing its target of around 310 million euros and marking a 2.9% decline from the same period of last year.

It attributed the shortfall to a weaker-than-expected performance from the Rainbow Six Siege game and the delay of a partnership now expected in the second quarter.

Despite the miss, Ubisoft reiterated its full-year guidance and forecast second-quarter net bookings of approximately 450 million euros.

Upcoming releases include Anno 117: Pax Romana, a Prince of Persia remake, and mobile titles Rainbow Six Mobile and The Division Resurgence.