I’m not sure how this happened. Quite frankly, if I had to tell the average stranger on the street that a meme with a Shiba Inu that started on the net because someone used a mispelling of the word “dog” that appeared in a videogame as a caption for pictures of funny dogs ended up insulting governemments, making fun of Nicholas Cage and later spawned its own virtual currency is now sponsoring a NASCAR race team, you’d call me mad.
But it’s not a joke – along with Dogecoins being used to send the Jamaican Bobsled team to the Sochi winter olympics and bringing clean water to Kenyans thanks to Dogecoin donors buying up huge water tanks for drought-stricken areas, the virtual crypto-currency has now raised enough money, thanks to the Reddit community, to send racecar driver Josh Wise and his Ford Fusion No. 98 stock car to the Tallegeda Speedway race being held on 4 May.
The sponsorship begun by the Reddit community had a cap of 67,500,000 Dogecoins which amounts to a little over US $55,000. The fundraiser was helped significantly by one donor mistakenly adding in an extra zero to his amount, sending over 20 million Dogecoins instead of just 2 million. The fundraiser was completed within a week and provided that he qualifies, Josh Wise will be racing the No. 98 car in less than a week’s time.
In the meantime, donors and fans were asked to design a new paint job for the car, given that it has a completely new sponsor. Although many designs have been sent in so far (I love the look of the one in the header the most), the design eventually selected was much simpler, but just as hilarious.
If nothing else, it’ll give Dogecoin a leg-up in the financial market as cryptocurrency becomes much more valuable and tradeable than others like Paypal or even traditional legal tender. Along with Bitcoin and Litecoin, Dogecoin fills in a big hole for the market and is one of the easiest gateways into mining virtual currency.
Sometimes, I’m glad to be a part of the internet generation and see how incredibly quickly the memes and trends on the net filter back into the real world. A Dogecoin-sponsored NASCAR race team, who ever expected that to happen?