It seems that DAO would like to invest in an authentic copy of the US Constitution

ConstitutionDAO has announced that it will increase money to repurchase the authentic copy of the United States Constitution which will be auctioned on November 18.

ConstitutionDAO, a new decentralized self-government organization (DAO) formed this November, has announced that it will get one particular of the authentic copies of the United States Constitution, which is anticipated to be auctioned by Sotherby’s this week.

DAO is one particular of the emerging applications of the crypto area in 2021. These are self-regulated communities, to participate, people have to hold local community tokens or NFTs, and tokens / NFTs will be made use of to vote on critical DAO selections. At the time of creating, ConstitutionDAO’s Discord channel has just about six,000 members, displaying that the local community has promptly garnered a good deal of assistance in spite of not issuing any tokens or NFTs.

A DAO representative wrote on Discord:

“In accordance with the philosophy and spirit of Web3, we intend to get a copy of the United States Constitution and locate a area to retain it and demonstrate it to every person. Ownership of this document will be shared between DAO members. We will fragment, NFT and distribute it to members.

ConstitutionDAO’s approach is to increase adequate ETH to repurchase the copy of the United States Constitution. Auction household Sotherby’s estimates the document is well worth up to $ 15-twenty million. At ten:thirty am on eleven/15 (Vietnam time), ConstitutionDAO raised $ one.one million and published it incrementally.

The proposed DAO Constitution also obtained a substantial following on Twitter. Famous individuals like Axie Infinity co-founder Jeffrey Zirlin (Jiho) have promised to donate to the DAO to turn out to be the proprietor of a copy of the Constitution.

Meanwhile, the president of the US exchange FTX Brett Harrison has confirmed that his platform is prepared to convert the volume of ETH raised by ConstitutionDAO into USD to participate in the auction.

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