Smart Contracts

Hope, Distributed (Part 3)

Hope, Distributed (Part 3)

Surely, you have heard the recent story about the group of people who banded together to raise over $47,000,000 to bid on an original edition of the U.S. Constitution. Well, they nearly won it. Constitution DAO formed with a single goal: to crowdfund enough money to purchase the holy, historic document from auction at Sotheby’s. And while a literal “we the people” ironically lost out in a bidding war with a single billionaire – who at least will loan the document to a museum – the act demonstrates populist power ramifications that can extend to collections stewardship.