Search Engine 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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Constitution Auction
- Sotheby's auctioned a rare first printing of the U.S. Constitution.
- Crypto investors, organized as ConstitutionDAO, aimed to purchase it.
DAOs Explained
- DAOs combine crowdfunding with democratic governance through digital tokens.
- Contributors receive tokens representing voting rights in the organization's operations.
SpiceDAO's Dune Misstep
- SpiceDAO, another DAO, overpaid for Dune storyboards at Christie's auction.
- They planned a web3 series despite not owning adaptation rights.