Constitution DAO Lost Auction To $41M Bid, But Made History. What Happens Now?
A Decentralized Autonomous Organization (DAO) called ConstitutionDAO pooled over $46M to put “The Constitution in the hands of The People” by buying a rare first printing of the U.S. Constitution during a Sotheby’s auction. But even though the raised a higher sum than the winning bid, they lost the auction. The project became a group of […]
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Proceeds of the U.S. Constitution sale will benefit the Dorothy Tapper Goldman Foundation. The online group, ConstitutionDAO, has failed in its bid to purchase the last privately owned, 1st edition print copy of the U.S. Constitution at public auction at Sotheby’s on Thursday. "The 'Official Edition' of The United States Constitution" was instead won by an unknown bidder for $41M (or $43.2 million after auction fees), meaning the DAO failed in its historic attempt to put it “in the hands of The People.”The news broke in an announcement on the official Discord. "While this was not the....
Last year, the crypto community demonstrated its capacity to fight for a good cause, raise money and mobilize political support. From the very beginning of the cryptocurrency movement, the societal potential of Bitcoin (BTC) has been one of the fundamental selling points. The decentralized design of crypto-based systems introduces the possibility of bringing individuals together to work toward shared goals, as well as enabling them to pool resources while remaining insulated from outside control. 2021 saw a number of cases that could serve as evidence of this emancipatory power of digital....
The Cardano blockchain has ratified its first official constitution, surpassing the set threshold with an overwhelming 85% approval rate. The decision replaces Cardano’s interim constitution and locks in a new governance framework that will guide the ecosystem’s evolution. Cardano Makes History The announcement came during a livestream on February 18 from Cardano founder Charles Hoskinson, […]
A Decentralized Autonomous Organization (DAO) under the name of ConstitutionDAO has raised $3,7 (ETH 820.134) million from a community that intends to buy a rare first printing of the U.S. Constitution during a Sotheby’s high-profile auction meant to happen on November 18th. ConstitutionDAO is currently pooling millions of dollars, aiming to hit $20 million, hoping […]
Following Constitution DAO’s lead, a group called Dune DAO went for a copy of the mythological Frank Herbert and Alejandro Jodorowsky’s Dune manuscript, wanted by many and seen by few. A plot almost as interesting as the saga took over Christie’s auction, where the DAO won the final bid, but with a twist. Just a few days after ConstitutionDAO made history crowd-raising over $46M in an attempt to buy a rare printing of the U.S. constitutions, other groups are following their steps to purchase valuable objects in hopes to make them accessible to the public. This time, DuneDAO....