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ConstitutionDAO Will Shut Down, The 'Project Has Run Its Course'
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The ConstitutionDAO team has unveiled its plan to close down the group after failing to win the auction for a rare copy of the US Constitution at the auction house Sotheby’s.
After exploring several options for what could have been the path forward, as well as sowing confusion and anger among the community, the group has concluded that it is best to stick to the original plan in case they lost the bid: refunding contributors. Per their website, "we believe this project has run its course."
"We have determined that building and maintaining an ongoing project is not something that we as a core team are able to support, given the technical and administrative requirements of doing it properly," the DAO's website says.
Organized as a decentralized
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