Former Cisco employee launches DAO to buy Denver Broncos
The next owners of the Broncos could be a humble DAO organized by a group of professionals who may wind up paying the most ever for a North American sports team. A new decentralized autonomous organization (DAO) has been formed to raise money in an effort to purchase the Denver Broncos U.S. National Football League team for around $4 billion.BuyTheBroncos DAO aims to give fans a chance to own a piece of the team no matter their level of wealth. One of the organizers of the DAO, former Cisco employee Sean O’Brien, told CNBC on Feb. 19 that:“The purpose essentially is to establish an....
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Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekFormer Cisco employee launches DAO to buy Denver Broncos A freshly launched decentralized autonomous organization dubbed BuyTheBroncosDAO is aiming to raise enough capital to purchase the NFLs Denver Broncos for roughly $4 billion.The project is offering fans of various levels of wealth the chance to own a slice of....
A decentralized autonomous organization (DAO) wants to purchase the National Football League (NFL) team the Denver Broncos. The DAO called “Buy the Broncos DAO” (BBD) wants to obtain the NFL team as a community and “put ownership in the hands of the fans.” A Newly Formed DAO Wants to Buy the Denver Broncos Franchise A newly formed DAO called “Buy the Broncos DAO” (BBD) is following in the footsteps of various DAOs created in the past year. Last year, there was one DAO that tried to purchase a rare copy of the U.S. constitution, but the....
The Denver Broncos is for sale, and a group of crypto aficionados is attempting to acquire it by raising more than $4 billion via a decentralized autonomous organization. The BuyTheBroncos DAO comprise some of the best minds in the business: legal counsels, financial experts, certified public accountants, software engineers, professional athletes, and a mathematician. So, […]
The gap between employers and employees is set to blur with the launch of the blockWRK application, which is expected to disrupt the process of employee management. blockWRK officially announced the launch of a blockchain-based employee compensation app that will allow businesses to increase employee productivity by using an automated system of instant rewards. The […]
Three leading technology companies, Cisco, Bosch, and Foxconn have come together to create the IoT Blockchain Consortium. Three leading tech players, Cisco, Bosch, and Foxconn have joined hands to create a blockchain consortium. The group will be focusing on implementing Bitcoin’s underlying technology to the Internet of Things segment. Cisco is known for its networking and telecom prowess. Similarly, Bosch has a strong foothold in the consumer electricals market while Foxconn is known for manufacturing consumer electronics. With IoT being another hot segment, the three tech partners are....