According to Foresight News, a spokesperson for the Dogwifhat on Vegas Sphere team recently announced that representatives of Sphere have formulated new 'cryptocurrency-specific' terms and held internal meetings to establish policies related to cryptocurrency in response to the 'sphere wif hat' initiative. The team is still working with them to meet their standards and requirements. The spokesperson also stated that if negotiations fail for any reason, all funds will be returned to the donors.

In previous news from Foresight, the 'sphere wif hat' initiative of the dogwifhat (WIF) community successfully raised $650,000 in March. The funds raised will be used to advertise at the new landmark building MSG Sphere, a massive spherical LED venue, in Las Vegas, USA.