From a meme to $47 million: ConstitutionDAO, crypto, and the future of crowdfunding
Dec 7, 2021
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Jonah Ehrlich, a software engineer and core contributor to ConstitutionDAO, shares the thrilling tale of raising $47 million to bid on an original U.S. Constitution copy. He discusses the spontaneous birth of the project from a meme and its governance challenges in decentralized crowdfunding. Ehrlich explores the emotional rollercoaster of the auction, the complexities of token investments, and what accountability means in crypto fundraising. The conversation highlights the potential future impact of decentralized organizations and how community engagement shapes their success.
Jonah Erlich is one of the core members of a group called ConstitutionDAO, a group that raised $47 Million to try to buy one of the original copies of the United States Constitution at an auction held by the high-end auction house Sotheby’s.
Decoder is a production of The Verge, and part of the Vox Media Podcast Network. Today’s episode was produced by Creighton DeSimone and Jackie McDermott. We are edited by Callie Wright. Our music is by Breakmaster Cylinder.