On its way to the moon, dogecoin is taking a few detours. After taking the Sochi Olympics by storm by helping lead funding of the Jamaican bobsled team’s dogesled, as well as providing donations for World Water Day, dogecoin is headed to the racing oval.
This is the story. In March, NASCAR driver Josh Wise was at risk for being unable to race at thisis weekend’s Aaron’s 499 at Talladega, as he found himself without a sponsor. Stepping in was Reddit’s r/dogecoin community that raised over $55,000 to cover the race. The sponsorship provided an instant opportunity to dramatically raise awareness for dogecoin’s. Unlike in the Olympics where athletes compete without individual sponsor decals, with NASCAR, you barely see the car, and it’s about the wrap.
Ready for this Sunday, Josh Wise’s #98 car had been turned into the dogecar, and is out to conquer the world.
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Dogecar – legitimizes dogecoin and crowdfunding?
Forget Kickstarter, dogecoin has become the poster boy for proving that online crowdfunding is one of the most important trends of the future.
After participating in helping the Jamaican bobsled team, and sending them to the Olympics, one of the immediate reactions was that it legitimized dogecoins as a real currency. Although a virtual currency, it proved it had real worth. This rationale was then repeated among additional fundraising drives. The same holds true now, and the dogecar is proof that dogecoins have attributable value.
However, more than that just legitimizing that virtual digital coins can be currencies, dogecoin is proving the importance of online crowdfunding.