Crypto investors outbid for rare copy of US Constitution

Crypto investors outbid for rare copy of US Constitution


A crowdfunded cryptocurrency group failed to outbid a private investor for a rare first-edition copy of the US Constitution Thursday.

An unnamed collector scored the document with a winning phone bid of $41 million, more than the $40 million the ConstitutionDao collective had offered, according to footage of Sotheby’s Manhattan event.

It was unclear why the outfit, which had raised some $47 million in the cryptocurrency ethereum from over 17,000 investors, did not pony up more crypto cash on one of the 13 surviving official copies of the historic document.

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ConstitutionDAO, which stands for a decentralized autonomous organization, invited donors to use blockchain technology to “self-govern with unparalleled levels of autonomy and freedom.” The cryptic group had pledged to secure the 1787 artifact

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