• 14 July, 2024

ConstitutionDAO Wants To Bid for a Copy of the US Constitution Again.

ConstitutionDAO, a cryptocurrency community, has announced that it will once again participate in Sotheby’s auction of a copy of the United States Constitution.

“We are gonna buy the Constitution! (again) But this time we will win!” wrote the group in the latest Tweet thread.

Last year, ConstitutionDAO raised $47 million in a week but was unsuccessful in its bid to purchase the last privately-owned, first-edition print copy of the United States Constitution at a Sotheby’s public auction. The auction was won by Ken Griffin, the billionaire owner of the investment fund Citadel, resulting in numerous “conspiracy theories” that Wall Street purposefully interfered with and “thwarted” the crypto community.

The DAO then issued a statement stating that it was

The largest crowdfund for a physical object that we are aware of—crypto or fiat. We are incredibly grateful to have done this together with you all and are still shocked that we even got this far.

Despite its failure to meet its goal, ConstitutionDAO is remembered for garnering overwhelming support from the crypto community and raising a large sum of money in less than two weeks. “The “social experiment” was a success in the crypto world.

Bloomberg reported in early November 2022 that another copy of the US Constitution was about to be offered for sale in December at Sotheby’s auction house.

The original ConstitutionDAO team, however, announced that they would not be returning, contrary to expectations.

Other interested projects banded together to form ConstitutionDAO2, a new organization. “For one whole year, the communities inspired by ConstitutionDAO have been building, developing privacy tech, and experimenting with DAOs.” the DAO wrote.

On the morning of December 7, ConsitutionDAO2 officially issued an announcement inviting interested crypto users to donate in order to purchase that copy of the US Constitution. ConstitutionDAO2, like the original movement, claims to want to own a piece of American history but will decentralize it and delegate control to DAO members.

This time, the DAO has decided to come back “stronger, faster, and smarter”.

ConstitutionDAO2 will issue NFT ERC-1155 tokens to community members in order for them to participate in DAO governance, but they will not own a copy of the Constitution. UnumDAO, a non-profit organization, will be the sole owner of that material.

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