A group of netizens and cryptocurrency investors Made a joke This became a plan. They gathered together within a few days to form a decentralized autonomous organization (DAO) ConstitutionDAO, with the goal of purchasing a rare copy of the U.S. Constitution.
One of 13 existing copies the U.S. constitution It will be auctioned at Sotheby’s on Thursday night, the first auction in 33 years.
Packy McCormick, founder of Not Boring Capital and investor in ConstitutionDAO, described a DAO CNBC Quick Money As “a group of people gathered around a common mission carefully planned and managed by tokens, it looks a lot like you know the digital version of an LLC.”
Sotheby’s estimates that the price of the Constitution is about US$1.5-20 million. up to now, Group Over 12 million U.S. dollars in ether, a trading token, or cryptocurrency has been raised on the Ethereum network. The Ethereum network is an open source blockchain with smart contract functions, and its market value is second only to Bitcoin. ConstitutionDAO’s fundraising goal is US$20 million.
McCormick said that one of the reasons the DAO is so impressive is “It just shows people what is possible, so it’s no longer just a digital object…”
From here, in theory, the DAO can buy companies, real estate, and other assets with shared funds and shared governance, not just a copy of the constitution.
If protected, Alice Ma of ConstitutionDAO stated that the constitution “will be owned by the DAO, which means that everyone who buys will get a part of the DAO governance token, and then they can use the token to vote on the position of the constitution actually should be Guardianship.”
The organization has put together a list of museums in which they want to see the constitution, and then everyone who buys can decide which museum will store the file.
In order to purchase the constitution, Ma said the plan “is to transfer everything to U.S. dollars before paying the invoice.” If the group does not win the bid, “we have established a smart contract that basically guarantees that people can choose to withdraw funds from the contract, and they Just give up their tokens.”
