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.

ConstitutionDAO’s bold crypto bid for US Constitution falls short

Nov 19, 2021, 2:13am UTC
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.