https://www.vice.com/en_us/article/v7de5m/after-failure-to-buy-the-constitution-crypto-fans-want-to-buy-an-nba-team

After the chaotic failure of one crowdfunded attempt to purchase a copy of the U.S. Constitution with crypto and its dissolution, another “decentralized autonomous organization” (DAO) has set its sights on an even more nebulous and seemingly doomed plan: buying an NBA franchise. 

On Sunday, the Krause House DAO―named after Jerry Krause, the late Chicago Bulls general manager—announced it had raised 200 ETH (just over $800,000) within 15 minutes on Saturday and was now sitting at 477 ETH ($2 million) with a new goal of 1000 ETH (about $4.3 million). Mind you, the least valuable NBA franchise—the Memphis Grizzlies—is worth some $1.5 billion.