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What is a DAO and why did one just try to buy the US Constitution?
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U.S. Air Force illustration/James Borland
They almost did it. A cohort of 17,000 people crowdfunded $46 million over the course of several days to purchase an original copy of the US Constitution, but then they lost the bid.
The group, known as ConstitutionDAO, started as more of a joke on Twitter after Sotheby's announced the sale of one of 13 remaining copies of the US Constitution, CNBC reported. Then it turned into a group of people meeting on a Discord server deciding they could have a serious shot at buying the document. In a plot twist, Ken Griffin, the founder of Citadel Securities at the center of retail-trader anger over the GameStop trading halt in January, was revealed as the winning bidder.
The group that formed is what's known
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