ConstitutionDAO, a ‘crypto red alert’ and other cases of crypto-powered social action in 2021

ConstitutionDAO, a ‘crypto red alert’ and other cases of crypto-powered social action in 2021


From the very beginning of the cryptocurrency movement, the societal potential of Bitcoin (BTC) has been one of the fundamental selling points. The decentralized design of crypto-based systems introduces the possibility of bringing individuals together to work toward shared goals, as well as enabling them to pool resources while remaining insulated from outside control. 2021 saw a number of cases that could serve as evidence of this emancipatory power of digital assets.

ConstitutionDAO: $49 million raised in a few days

Arguably, the most high-profile case of a massive fundraising effort enabled by a decentralized autonomous organization in 2021 was ConstitutionDAO. The group was formed in November with the sole objective of purchasing an original copy of the United States Constitution, which was on auction at Sotheby’s.

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