Las Vegas Sphere Denies Ties With Dogwifhat’s Ad Campaign
The team behind Dogwifhat, a Solana-based meme coin, has denied accusations that it misled investors and donors regarding its plan to feature an advertisement on the Las Vegas Sphere.
| Key Takeaways: – The Dogwifhat team refuted claims that it deceived donors about its plan to advertise on the Las Vegas Sphere. – The campaign raised $700,000 quickly, but Sphere representatives confirmed no formal agreement exists. |
Addressing concerns in a post on X, the team reaffirmed its commitment to the “Sphere Wif Hat” initiative while acknowledging ongoing challenges.
The campaign, which aimed to showcase Dogwifhat on the world-famous digital billboard, gained significant traction within the crypto community. Excitement surrounding the project contributed to a surge in the token’s price, as many believed such visibility would benefit Solana-based assets. However, representatives from the Las Vegas Sphere clarified that no formal agreement exists between the parties.
Launched on March 10, the fundraiser quickly amassed $700,000 but has yet to materialize into a confirmed advertisement. Dogwifhat’s organizers stated they are negotiating with established brands to facilitate the placement.
A timeline for the ad has reportedly been agreed upon, but the team assured donors that if the plan falls through, contributions will be refunded.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
