Doge At 'Dega: Dogecoin Sponsors Race Car

May 1, 2014
Originally published on May 1, 2014 11:54 am

Dogecoin users, it turns out, are passionate about underdogs. At Talladega Superspeedway this Sunday, one of the cars running will stand out from the rest.

Dogecoin is the digital currency that's similar to Bitcoin. (Doge is a slang term for "dog" used in Internet memes. There's a famous image of a puzzled-looking dog that's been a viral hit and it's also the currency's mascot.)

Back in March, when someone posted on Reddit that NASCAR driver Josh Wise needed a sponsor, the Dogecoin community stepped in.

"It instantaneously struck a chord within me and I remember sitting there saying this is totally awesome and we need to make it happen," says Kevin Dusenberry. He managed a fundraiser that, in eight days, raised over 60 million Dogecoin — enough to cover the $55,000 needed to sponsor the driver's car at Talladega.

For the race this Sunday, Dusenberry and his team will have great seats. "We have Hot Passes so we'll be on pit road for the entire race, cheering Josh on and watching him hopefully come in first place," Dusenberry says.

Of course, race cars are branded by their sponsors — so across the hood of Josh Wise's car, sort of peering out at the other drivers as it goes around the track, will be that puzzled-looking doge.

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RENEE MONTAGNE, HOST:

And our last word in business is: Doge At 'Dega.

That's Talladega, the superspeedway and dogecoin, the digital currency similar to Bitcoin.

STEVE INSKEEP, HOST:

Doge is a slang term for dog used in Internet memes. There's a famous image of a puzzled looking dog. It's been a viral hit, and it is also the currency's mascot.

MONTAGNE: Dogecoin users, it turns out, are passionate about underdogs. Back in March, when someone posted on the social media site that NASCAR driver Josh Wise needed a sponsor, the dogecoin community stepped in.

KEVIN DUSENBERRY: It instantaneously struck a chord within me. And I remember sitting there saying, this is totally awesome and we need to make it happen.

INSKEEP: That's Kevin Dusenberry, who managed a fundraiser that in eight days raised more than $60 million doge coin, enough to cover the $55,000 needed to sponsor the driver's car at Talladega. Wow. The exchange rate is not so good there. For the race this Sunday, Dusenberry and his team will have great seats.

DUSENBERRY: We have hot passes, so we'll be in the on pit road for the entire race cheering Josh on and watching him hopefully come in first place.

(LAUGHTER)

MONTAGNE: Of course, race cars are branded by their sponsors. So across the hood of Josh Wise's car, sort of peering out at the other drivers as it goes around the track, will be that puzzled looking dog.

And that's the business news on MORNING EDITION, from NPR News. I'm Renee Montagne.

INSKEEP: And I'm Steve Inskeep. Transcript provided by NPR, Copyright NPR.