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02 ConstitutionDAO

Mar 23, 2022
Quig Bruning, an Auctioneer at Sotheby's, who led the auction for the United States Constitution, joins Paki McCormick, a writer and founder of Not Boring Capital. Together, they dive into the dramatic Sotheby’s auction of the historic document, where ConstitutionDAO, a decentralized initiative, raised $47 million. Topics include the innovative role of DAOs in philanthropy, the excitement of grassroots movements, and the emotional aftermath of high-stakes bidding. They also share insights into the volatile crypto landscape and unexpected gains from people's tokens.
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ANECDOTE

Fry's DAO's Fast Food Vision

  • Fry's DAO aimed to buy fast-food franchises with community governance.
  • Their plans ranged from realistic business decisions to absurd ideas like free food.
INSIGHT

Navigating the Crypto Space

  • Crypto lacks accessible explanations for outsiders not involved in its promotion.
  • PJ Vogt sought guides like Paki McCormick to understand the nuances of DAOs.
ANECDOTE

Paki's Crypto Journey

  • Paki McCormick, PJ Vogt's guide to DAOs, returned to crypto after selling Bitcoin in 2013.
  • This fresh perspective informed his analysis of Web3 fundamentals.
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