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26.11 - 21:27
A 'DAO' Has Raised Over USD 2.7M to Acquire a Rare Print of US Constitution
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A new decentralized autonomous organization (DAO) has been organized to raise funds in an effort to bid on a first-edition printed copy of the US Constitution which will be up for auction at major auction house Sotheby’s on November 18.
ConstitutionDAO aims to pool money using an Ethereum (ETH) smart contract and win the bid for the rare copy. "We intend to put The Constitution in the hands of The People," the DAO's website says.
At the time of writing, the DAO has already raised more than USD 2.7m or ETH 574, with new funds coming in every second or so. However, considering that the copy is valued at USD 15m-20m, there is still a long way to go.
The copy is one of only 13 surviving first-edition copies that is poised to go for auction. The
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