The legendary boxer has been involved with other cryptocurrencies in the past. In 2018, Mayweather and the music producer DJ Khaled paid almost $800,000 in fines and penalties to the Securities and Exchange Commission (SEC).
According to the regulator, the two illegally received money to promote three initial coin offerings (ICOs), in which new currencies are opened for public trading, for cryptocurrency company Centra Tech.
Mayweather also tweeted at the time: "You can call me Floyd Crypto Mayweather from now on," alluding to his moniker 'Money'.
Floyd Mayweather and Dogecoin
Unlike Bitcoin, Ethereum, and other cryptocurrencies, Dogecoin is not taken seriously by most investors. It is inspired by an internet meme that became popular in 2013.
Now, according to a video on YouTube, legendary boxer Floyd Mayweather could be the next big name to be involved with the meme cryptocurrency.
Sports apparel brand Wooter has reportedly signed a deal with Dogecoin, so the company will start accepting the cryptocurrency as a payment.
Various big organizations worldwide like Domino's, NFL Alumni, MTV, The Salvation Army, and even the US Department of Defense use Wooter Apparel to develop and create their custom uniforms.
So where does Mayweather enter this story with Dogecoin? Another brand with close links to Wooter Apparel is 'The Money Team', a lifestyle brand owned by the boxer. One of Mayweather's companies works with a brand that has started to accept Dogecoin as a form of payment.
Other fighters involved with cryptocurrencies like Dogecoin
Internet celebrity turned professional boxer Jake Paul and his older brother Logan Paul are known to have traded Bitcoin in the past. However, Jake Paul's next opponent, Ben Askren, might be the biggest promoter of cryptocurrencies in the combat sports world.
The former UFC welterweight fighter continually pushes for Bitcoin on his social media accounts, especially on Twitter, where 'Funky' even has the cryptocurrency's name in his account description.
Askren even convinced former UFC lightweight champion Eddie Alvarez to jump onto the crypto bandwagon.
"All right, Ben Askren, I finally jumped in and grabbed 1 Bitcoin. I can't sit on the sidelines any longer. You got me!!! I still have no clue what it's all about, but I'm in... you might have to coach me to this," wrote Alvarez in 2020.