The football world has taken a new dive into crypto. Watford FC players were sporting the Dogecoin logo on their shirt sleeves during the first team’s Premier League match against Aston Villa.
Dogecoin, the Shibu Inu meme-inspired crypto, had its logo on the shirts of Watford FC as part of the club’s agreement with the crypto-betting platform, Stake.com.
Big Sponsorship Deal
An insider at the club told reporters that the deal is worth beyond £700,000 ($970,000). The deal supposedly has a certain probability to exceed that of the previous £1 million sleeve shirt partner, Bitcoin. Though much of this probability depends on meeting up with the bonus conditions.
Stake.com, in the effort to celebrate the new Dogecoin sponsorship deal with Watford, announced a proposed giveaway on its platform. The shirt sleeve sponsor is ready to carry out a giveaway of 10 million DOGE ($3.5 million) to mark the latest deal.
A Win-Win Development for Watford and Doge
With the release of the new jersey featuring the Shiba Inu dog image, the club opens up to a new fanbase. The source further states the effort has so far been on a positive trend as orders for the jersey from fans “around the world” flood in. Plus, the extra exposure for Dogecoin doesn’t hurt.
Not Watford’s First Crypto Engagement
The latest development did not mark the first time the premier league club will be partnering with a crypto-based jersey sponsor. In 2019, Watford had sportsbet.io, another crypto-based betting site on board for its shirt sponsorship program. During that same season, Bitcoin was written on the club’s sleeves.
“New Watford FC jersey featuring Dogecoin in the Premier League is a big deal,” said Billy Markus on Twitter under the handle “Shibetoshi Nakamoto.” Markus is one of the renowned software engineers behind the Dogecoin creation.
About Dogecoin (DOGE)
Software engineers Billy Markus and Jackson Palmer created Dogecoin (DOGE) on December 6, 2013. They jokingly created the cryptocurrency as a payment system that is instant, fun, and also free from traditional banking fees. Besides, the token has the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.
Due to the fact it was created as a joke, DOGE was not treated in high esteem. But in the past year, its value has skyrocketed. Members of Reddit have heavily promoted the coin, attempting to get it to $1 in value. Its price has surged by roughly 19,000% over the last 12 months.
As of the time of publication, Dogecoin’s price was $0.324163 with a 24-hour trading volume of $2,712,063,769. DOGE price is also up by 2.9% over the last 24 hours.
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Featured image courtesy of Watford FC.