ConstitutionDAO’s bold crypto bid for US Constitution falls short

ConstitutionDAO’s bold crypto bid for US Constitution falls short

3 years ago
Anonymous $FNmJglWnLu

https://techcrunch.com/2021/11/18/constitutiondaos-bold-crypto-bid-for-us-constitution-falls-short/

There are 13 surviving copies of the original print of the U.S. Constitution. Today, a decentralized autonomous organization (DAO) announced it lost its bid to buy one from art dealer Sotheby’s after a high-stakes bidding war that captured the internet’s attention. Still, the bold ascendance of the DAO, a group of people who met on the internet, is a unique case study into the art of on-ramping swaths of people into crypto, one meme and auction at a time.

After a brief flurry of excitement on Twitter, where some members of the group mistakenly announced they had won in a live Twitter Spaces chat, the group released a statement saying it had lost after all. The group “broke records for the most money crowdfunded in less than 72 hours,” per the statement.