What’s Next for Dogwifhat’s Las Vegas Sphere Ad After Major Setbacks?

• Dogwifhat clarifies delay in “Sphere Wif Hat” campaign, stating ongoing negotiations for Las Vegas Sphere ad placement.
• Organizers assure donors that if the ad doesn’t run, contracts will be voided and funds refunded, with no intention to deceive.
• Wif token peaked at $4.85 after launch but has since dropped nearly 77%, now trading at $1.09.

Solana-based memecoin dogwifhat had also come up with clarifications on the “Sphere Wif Hat” crowdfunding. The campaign which was initiated nearly a year ago intended to promote the logo of dogwifhat on the Las Vegas Sphere. However, after the project was launched on March 10, 2024 and raised $700000 within days the project has not been realized.

Dogwifhat Delay Reasons

In the latest X post, Dogwifcoin described the cause of the current delay. However, the location of the ad is not arbitrary as the campaign’s organizers have arranged for the placement of the ad with different groups. They pointed out that as Wif team is not a company, they have been partnering with an existing brand in advertising.

The team also offered the plan of the future actions in the frame of the campaign. They said that all the interested parties had endorsed the new timetable. But they also stated that if the agreed ad was not to be published, the signed contract would be null and void and donors would get their money back. On the same they noted that there was never any malice in not telling the supporters the truth.

Wif Token’s Price Drop

After the launch of the campaign, the value of the Wif token has gone down tremendously. After obtaining the data in the succeeding days it peaked at $4.85 three weeks after the launch. However, based on the CoinMarketCap data of the various tokens up to the current day, the token is down by nearly 77% to $1.09.

In July 2024, Mihir, the charter member and one of the five main organizers of the campaign, is confident in the effectiveness of the advert. He said he was 90% sure that the campaign would proceed and the Dogwifhat logo would be displayed on the Las Vegas Sphere for one week. Mihir further disclosed that Sphere representatives have started using new “crypto-specific term” since the campaign and also’ve had meeting on how they will change their policy in relation to crypto ads.

The findings simply mean that we are still in the process of compliance with the demands of the stakeholders, as said Mihir. His statements were an indication that the company was making progress even after the set backlog has been experienced. Nevertheless, there are supporters of the campaign who expect the negotiations to be concluded soon and the ad is to be aired as it has been planned.