With Over USD 40M Raised, DAO is On the Cusp of Buying a Copy of US Constitution
ConstitutionDAO, a decentralized autonomous organization (DAO) that was formed to pool funds in an effort to bid on a rare, first-edition printed copy of the US Constitution, has raised over USD 40m - two times more than the auction house Sotheby’s upper estimate.
The document is one of only 13 surviving first-edition copies from a run of 500 originally printed, and will be auctioned off on Thursday by the major auction house. Sotheby’s has valued the document between USD 15m - USD 20m.
The DAO, which was formed just last Thursday, began collecting capital via the fundraising platform JuiceBox. Within the first 12 hours, it managed to raise around USD 3m, with new funds continuing to come in every second or so. Courtesy of some whales, one of
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