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Silver Linings Abound as Constitution DAO Falls Short in USD 47M Sotheby’s Bid
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An audacious attempt to buy one of the few surviving copies of the United States Constitution by a decentralized autonomous organization (DAO) fell short of what would have been a dramatic victory for the crypto space – losing out in an auction at Sotheby’s.
Regardless, there was plenty of positivity for the DAO, which became known as Constitution DAO, and raised over USD 47m worth of ethereum (ETH) in the space of around a week, per Juicebox data. In a statement published on Twitter, the DAO’s masterminds wrote that “while this wasn't the outcome we hoped for, we still made history tonight.”
They wrote that the attempt was “the largest crowdfund for a physical object that we are aware of” in “crypto or fiat.”
Furthermore, they pointed out
Read more on cryptonews.comAbout this in other media
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ConstitutionDAO disbands after losing its bid to buy a copy of the Constitution markets.businessinsider.com /2 years ago
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