Will Dogwifhat’s Mascot Light Up the Las Vegas Sphere?

The crowdfunding campaign that gathered nearly $700,000 in March to feature the Solana memecoin Dogwifhat (WIF) mascot on the Las Vegas Sphere remains hopeful, despite the extended wait for the advertising initiative to materialize. Mihir, one of the campaign’s organizers, expressed a “90% confidence” that the plan to showcase the mascot for an entire week on the Sphere will proceed.

The Sphere representatives have reportedly crafted new “crypto-specific” terms in response to the campaign, indicating a tailored approach to integrating cryptocurrency-themed promotions. Mihir mentioned ongoing adjustments to meet these criteria, emphasizing the effort to align with the Sphere’s requirements.

However, the specifics of these discussions remain under wraps to avoid influencing ongoing negotiations or sparking speculative activity around WIF’s price. There is a lingering possibility that the deal might not come to fruition due to potential sticking points that the WIF community or partner companies might not accept, though Mihir noted that this scenario has not yet emerged.

Amidst these uncertainties, contributors to the crowdfunding effort have voiced concerns over the lack of updates and clarity regarding the management of the funds should the deal falter. Mihir reassured donors that all contributions would be fully refunded if the negotiations fail, referencing his public assurances posted in the Dogwifhat Telegram group.

Additionally, Mihir addressed rumors concerning the use of the Wif mascot’s image, clarifying ongoing collaborations with the owners of the original mascot image—a dog named Achi—and their supportive stance towards the campaign. Notably, the pseudonymous crypto trader Gigantic Rebirth (GCR) purchased a one-of-one NFT of Achi’s image for $4.3 million in March.

As the Sphere Wif Hat team continues to engage with Achi’s owners and the broader community, the WIF token itself navigates the volatile crypto market. Despite a significant drop from its peak, WIF maintains a robust market capitalization, reflecting its popularity and the dynamic nature of meme-driven cryptocurrency investments.