The crypto investors who raised $47 million to buy a copy of the Constitution lost their bid — here's where the money goes now [MSNBC.com]
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Source: MSNBC.com
Crypto DecodedThe crypto investors who raised $47 million to buy a copy of the Constitution lost their bid — here's where the money goes nowPublished Thu, Nov 18 2021Updated An Hour AgoMacKenzie Sigalos@KENZIESIGALOSWATCH LIVEKey PointsConstitutionDAO contributorAlice MaOn a Twitter Spaces following the lost bid, it was unclear where exactly the money would go next. Some members of the DAO shared plans to potentially purpose the funds toward future auctions.Member Liz Yang, chiming in from on board an American Airlines plane, said that she hoped to put the money to good use. "I feel like we set the bar so high," said Yang. "We need to do something equally as epic, whether it's a future auction, but that's for the people to decide."In theory, next steps will be determined by the "decentralized autonomous organization" that facilitated the fundraise. You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a normal pool of investors, DAOs rely o
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