Cryptocurrency Report
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoin
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos
What's Hot

CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9

August 11, 2022

Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

August 11, 2022

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

August 10, 2022
Facebook Twitter Instagram
  • Advertise
  • Privacy
  • Contact
  • Terms
Facebook Twitter Instagram LinkedIn
Cryptocurrency Report
  • Home
  • News
    1. Bitcoin
    2. Ethereum
    3. Altcoin
    4. View All

    Galaxy Digital’s Novogratz Doubts Bitcoin Will Pass USD 30,000 Barrier Soon

    August 10, 2022

    Bitcoin and Ethereum Consolidate, ZEC and CEL Rally

    August 10, 2022

    Bitcoin, Surf & My Crackdown on Gangs Bringing More Tourists than Ever to El Salvador, Says Bukele

    August 10, 2022

    Bollywood-like Drama Erupts as CZ Moves to Distance Binance from India’s WazirX Exchange

    August 10, 2022

    Reddit Community Points Ready for the Ethereum Mainnet Move

    August 10, 2022

    ‘Most Significant Legal Action’ Against Crypto in US, Hodlnaut Halts Withdrawals, Zipmex Releases Ethereum & Bitcoin + More News

    August 9, 2022

    EthereumPoW Fork Won’t ‘Significantly’ Harm Ethereum – Vitalik Buterin

    August 9, 2022

    Justin Sun, Poloniex Back Plan to Create a PoW Ethereum Hard Fork

    August 9, 2022

    Hong Kong Police Publish Details of USDT Fraud Case in Effort to Raise Public Awareness of Crypto Scams

    August 10, 2022

    Bitcoin Tests USD 24K, Ethereum Eyes USD 1.8K, Altcoins Rally

    August 9, 2022

    Nomad Announces a Multimilion Bounty for ‘White Hats’, Says USD 20M Returned Already

    August 9, 2022

    Bitcoin and Ethereum Stuck in a Key Range, FLOW Surges Over 50%

    August 8, 2022

    CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9

    August 11, 2022

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

    August 11, 2022

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    August 10, 2022

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    August 10, 2022
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos

    The Crypto Metaverse is Growing RAPIDLY! (INSANE MICROSOFT BUY)

    January 18, 2022

    BEST Crypto Safety Guide 101 (Keep Your $$ SAFE with Passphrases)

    January 18, 2022

    SHOCKING: Microsoft Enters the CRYPTO METAVERSE!!! (HUGE $69 Billion CASH Buy)

    January 18, 2022

    URGENT NEWS For Cardano Holders!! (MUST Watch Before Jan 20)

    January 17, 2022

    ⚠️ WARNING To All Bitcoin Holders ⚠️ (Time is RUNNING OUT!!!)

    January 17, 2022
  • bitcoinBitcoin(BTC)
    $42,304.00-0.92% 24H
    BITCOIN
    24H : -0.92%
    Volume : $18,001,823,455.00
    Marketcap : $804,136,324,461.00
  • ethereumEthereum(ETH)
    $3,187.18-1.80% 24H
    ETHEREUM
    24H : -1.80%
    Volume : $11,828,130,842.00
    Marketcap : $383,283,409,099.00
  • tetherTether(USDT)
    $1.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $42,292,952,195.00
    Marketcap : $82,566,134,570.00
  • binancecoinBNB(BNB)
    $416.19-2.16% 24H
    BNB
    24H : -2.16%
    Volume : $1,421,783,549.00
    Marketcap : $69,948,357,062.00
  • usd-coinUSD Coin(USDC)
    $0.9980.110% 24H
    USD COIN
    24H : 0.110%
    Volume : $3,215,590,549.00
    Marketcap : $50,856,931,622.00
  • solanaSolana(SOL)
    $110.52-1.25% 24H
    SOLANA
    24H : -1.25%
    Volume : $1,326,948,052.00
    Marketcap : $36,230,891,086.00
  • rippleXRP(XRP)
    $0.744-2.62% 24H
    XRP
    24H : -2.62%
    Volume : $2,611,405,064.00
    Marketcap : $35,798,721,281.00
  • cardanoCardano(ADA)
    $1.02-1.97% 24H
    CARDANO
    24H : -1.97%
    Volume : $735,911,632.00
    Marketcap : $32,692,285,870.00
  • terra-lunaTerra(LUNA)
    $87.96-7.21% 24H
    TERRA
    24H : -7.21%
    Volume : $2,091,404,457.00
    Marketcap : $31,224,000,667.00
  • avalanche-2Avalanche(AVAX)
    $79.94-4.23% 24H
    AVALANCHE
    24H : -4.23%
    Volume : $651,461,780.00
    Marketcap : $21,345,345,382.00
  • polkadotPolkadot(DOT)
    $18.98-3.96% 24H
    POLKADOT
    24H : -3.96%
    Volume : $522,492,664.00
    Marketcap : $20,904,948,600.00
  • dogecoinDogecoin(DOGE)
    $0.147-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $1,709,936,369.00
    Marketcap : $19,528,083,067.00
  • binance-usdBinance USD(BUSD)
    $0.9990.100% 24H
    BINANCE USD
    24H : 0.100%
    Volume : $3,031,521,102.00
    Marketcap : $17,907,585,119.00
  • terrausdTerraUSD(UST)
    $1.000.00% 24H
    TERRAUSD
    24H : 0.00%
    Volume : $710,407,989.00
    Marketcap : $16,759,326,710.00
  • shiba-inuShiba Inu(SHIB)
    $0.000024-0.91% 24H
    SHIBA INU
    24H : -0.91%
    Volume : $622,427,689.00
    Marketcap : $13,391,607,837.00
  • wrapped-bitcoinWrapped Bitcoin(WBTC)
    $42,263.00-1.06% 24H
    WRAPPED BITCOIN
    24H : -1.06%
    Volume : $205,987,180.00
    Marketcap : $11,648,041,723.00
  • crypto-com-chainCronos(CRO)
    $0.437-1.87% 24H
    CRONOS
    24H : -1.87%
    Volume : $43,191,918.00
    Marketcap : $11,045,868,142.00
  • nearNEAR Protocol(NEAR)
    $15.96-4.67% 24H
    NEAR PROTOCOL
    24H : -4.67%
    Volume : $1,001,407,008.00
    Marketcap : $10,603,423,829.00
  • staked-etherLido Staked Ether(STETH)
    $3,182.92-1.85% 24H
    LIDO STAKED ETHER
    24H : -1.85%
    Volume : $8,945,498.00
    Marketcap : $10,259,684,260.00
  • matic-networkPolygon(MATIC)
    $1.43-2.09% 24H
    POLYGON
    24H : -2.09%
    Volume : $379,202,804.00
    Marketcap : $9,786,905,958.00
Cryptocurrency Report
Home » With Over USD 40M Raised, DAO is On the Cusp of Buying a Copy of US Constitution
DeFi

With Over USD 40M Raised, DAO is On the Cusp of Buying a Copy of US Constitution

CryptoReporterBy CryptoReporterJanuary 19, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
Source: AdobeStock/James Steidl

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 whom donated USD 4m, the total number of donations jumped from USD 13m to USD 27m in a matter of hours on Wednesday. 

With 15 hours left until the auction, the website currently only states that over USD 40m has been raised so far and that “the total raised will not be reflected here, nor on any other sites related to this project, until after the auction is over.” 

Notably, Metaversal, a venture studio and investment firm focused on non-fungible tokens (NFTs), contributed USD 1m and announced its backing via the Clubhouse app on Tuesday, an act that prompted donations to pick up steam.

“With ConstitutionDAO, we want people to experience the Constitution beyond the museum context where it is just an artifact of the past,” said Julian Weisser, a core contributor of ConstitutionDAO. “We are thrilled [Metaversal] is involved in this historic project that allows people to participate with the richness of this document and the reason it was determined.”

Starting with the motto “we intend to put The Constitution in the hands of The People,” the DAO has been constantly updating its website to reflect new goals. “It is incredibly important that we keep the magic going to position ourselves as the strongest possible bidder because we haven’t won the auction yet,” Munam Wasi, a core contributor, said in the DAO’s discord server after the renewed website went live.

Meanwhile, Endaoment, a blockchain-based nonprofit, will publicly display the DAO to comply with Sotheby’s know-your-customer (KYC) requirements. 

“This agreement lends ConstitutionDAO our legal status and allows us to provide critical infrastructure and support to take care of the constitution, should the bid succeed,” Endaomen’s Twiter account said. 

We’ll be there in person tomorrow @Sothebys to bid on behalf of the DAO, and have been planning actively on auction strategy and tactics.

— Endaoment – (📜, 📜 ) – DeFi’s Philanthropy (@endaomentdotorg) November 17, 2021

Should the group win the bid, they would allegedly put the document on public display.
____
 

Reactions:
 

____

Learn more:

– A ‘DAO’ Has Raised Over USD 2.7M to Acquire a Rare Print of US Constitution
– Sotheby’s Bored Ape NFT Auction Attracts Nearly USD 20M In Bids
 
– How Wu-Tang Clan’s USD 4M Album Reflects Crypto Ethos
– This Is How DAOs Are Taking A Greater Role in the DeFi and NFT Sectors

– Why DAOs Matter for Digital Art
– Why DAOs & Token-based Governance is a Fantasy
____
(Updated at 09:59 UTC with reactions.)

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US GDP Slips Again, Another DeFi Protocol Attacked, Zipmex Seeks Protection + More News

August 9, 2022

Decentralized Music Platform Audius Identifies Source of USD 6M Exploit, Says it Applied a Patch

August 4, 2022

Staking Pool Lido to Expand to Ethereum L2s, New Proposal Seeks ‘Operating Runway’ for DAO in Stablecoins

August 2, 2022

Mixers Receiving ‘More Cryptocurrency than Ever in 2022’ – Chainalysis

July 28, 2022

7 DeFi Risks You Should be Aware of According to CoinShares

July 28, 2022

Aave Summoning GHOsts With a New Native Stablecoin Proposal

July 25, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9

August 11, 2022

Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

August 11, 2022

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

August 10, 2022

Subscribe to Updates

Get the latest sports news and analysis about crypto coins and the latest news about domains from Techie Memo.

Advertisement

Your number 1 source for all Cryptocurrency news and analysis. here you can follow all updates and latest rates for all currencies. Visit our about page for more information.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Top Insights

CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9

August 11, 2022

Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

August 11, 2022

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

August 10, 2022
Get Informed

Subscribe to Updates

Get the latest sports news and analysis about crypto coins.

Facebook Twitter Instagram LinkedIn
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact
© 2022 Cryptocurrency Report. Designed by Sawah Dev.

Type above and press Enter to search. Press Esc to cancel.