After Sotheby's declared they would be auctioning an original copy of the American Constitution, a decentralized autonomous organization (DAO) called ‘UnumDAO’ (also referred to as ‘ConstitutionDAO2’) is attempting to buy it.
What Happened: In Nov. 2021, ConstitutionDAO, a group of crypto enthusiasts, was able to generate $47 million in a span of seven days to buy a version of the Constitution sold at Sotheby's.
The older DAO group clarified that it is not affiliated with the new group and said it would not be attempting another crowdfunding campaign this time around.
Hey frens! As you might save seen, there's another Constitution out there.
— ConstitutionDAO (📜, 📜) (@ConstitutionDAO) November 17, 2022
The core team from last year will not be attempting another fundraise or auction bid this year.
We’re not affiliated with any attempts, but we wish any group that tries the best of luck!
(📜, 📜)
See More: Best Crypto Day Trading Strategies
ConstitutionDAO2's purpose is to initiate a collection of civic artifacts that are completely managed by the public, as stated in a tweet.
So far, it has acquired 27.8 Ethereum ETH/USD (approx. $34,000) from 120 wallets through public donations.
The upcoming auction will be conducted live at Sotheby's auction house in New York City on Dec. 13.
If the new DAO ends up winning, it will use the NFT to manage artifacts' governance. Users will be able to select from four different NFT levels: 0.1 ETH ( $122) for 'Citizen', 1 ETH ($1,220) for 'Representative', 10 ETH ($12,220) for 'Senator' and 100 ETH ($122,000) for 'Executive'.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
