Crypto Enthusiasts Raise $47,000,000 Worth of Ethereum in Effort To Buy Rare Copy of US Constitution

Crypto Enthusiasts Raise $47,000,000 Worth of Ethereum in Effort To Buy Rare Copy of US Constitution


Crypto enthusiasts raised roughly $47 million in Ethereum in an attempt to buy a copy of the US Constitution at an art auction.

A decentralized autonomous organization (DAO) called ConstitutionDAO raised the money through more than 17,000 different donors with the goal of buying one of only 13 original remaining copies of the document.

The auction, held by iconic British auction house Sotheby’s, was held virtually and accepted bids in ETH.

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According to ConstitutionDAO, it is the first DAO that Sotheby’s has ever worked with and potentially the largest crowdfund for a physical object they are aware of.

When the auction unfolded, the price of the Constitution was bid up all the way to $43 million before the DAO gave up out of concern that

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