Dogwifhat (WIF) has addressed ongoing concerns surrounding the Sphere Wif Hat project, a crowdfunding initiative launched almost a year ago with the goal of displaying the logo of the token on the Las Vegas Sphere. Although the fundraiser raised $700,000 within days of its launch on March 10th, the project has yet to come to life. Refunds have also been promised if plans fall through. Ongoing Discussions On January 31th, Dogwifcoin shared an update via an X post, stating that the Wif Sphere organizers have been in continuous discussions with several parties to finalize the ad placement on the Sphere. The tweet emphasized that because the Wif team is not a corporate entity, they are collaborating with a well-established brand to bring the advertisement to fruition. Dogwifcoin also mentioned that an official timeline has now been agreed upon with affiliated parties. In the event that the project fails to meet its goals, the contract will be voided, and all contributors will receive refunds. There has been no intention to mislead any parties, the post clarified. 90% Confident WIF reached a new all-time high of $4.85 just three weeks after the crowdfunding launch. However, the token has since seen a significant decline of nearly 77%, according to CoinMarketCap . In July 2024, Mihir, one of the five organizers listed on the official Sphere Wif Hat website, said he was 90% confident that the campaign to display the mascot on the Las Vegas Sphere for an entire week would proceed. It is worth noting that the Sphere created new crypto-specific terms after hearing about the campaign, noting that internal discussions had been taking place to develop crypto-related policies in response to the project.
