NASCAR is known for its silly season and that was before teams started accepting sponsorship money in the form of virtual currency featuring funny looking dogs.

But Josh Wise and his team, Phil Parsons Racing, are preparing to accept a sponsorship worth around $50,000, which was raised by the Reddit community in DogeCoin.

What's DogeCoin (pronounced “dohjkoyn”)? According to DogeCoin.com, it's a “fun, new and rapidly growing form of cryptocurrency.”

It's used to buy goods and services, but mostly it's used for “tipping” fellow internet users. It also has a strange relationship with the somewhat-popular Doge internet meme; the currency features the Shiba Inu dog from the meme. This is getting confusing. For more information on DogeCoin, just go here. Long story short, it's a form of digital currency that is almost worthless (1,000 DogeCoin is worth about 66 cents).

While a few DogeCoin are worth almost nothing, several million DogeCoin, which can be acquired a number of ways, can start to tip the scales.

That's what the folks over at Reddit Racing discovered when they started a fundraiser to put forth enough DogeCoin to sponsor Josh Wise's car for an upcoming Sprint Cup race. On Tuesday, the group had already raised more than 67 million DogeCoin which puts them over their $50,000 goal. It took less than a week for the group to raise the money. The group is hoping to raise enough money to put a full wrap on Wise's No. 98 car. If you want to donate, but have no idea how to in DogeCoin, they are accepting US dollars here.

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