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A significant percentage of these donations came from (digital) wallets that were initialized for the first time. We had 17,437 donors, with a median donation size of $206.26. And, on the flip side, many of you have learned about what it means to steward an asset like the U.S.Constitution across museums and collections, or watched an art auction for the first time. We have educated an entire cohort of people around the world – from museum curators and art directors to our grandmothers asking us what ETH is when they read about us in the news – about the possibilities of web3. We broke records for the most money crowdfunded in less than 72 hours. Sotheby’s has never worked with a DAO community before. We are so incredibly grateful to have done this together with you all and are still in shock that we even got this far. This is the largest crowdfund for a physical object that we are aware of – crypto or fiat. While this wasn’t the outcome we hoped for, we still made history tonight with ConstitutionDAO. We did not win the bid for the copy of the U.S. Here’s how ConstitutionDAO responded on its Discord server, which was later posted to its home page (links added by me): It seems the private investor who won was a hedge-fund billionaire and was going to win it regardless. ConstitutionDAO raised over $40 million in about a week and came up just short. artifacts.Īs you probably already know, they did not win.
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Well, the latest headline-making one really got me thinking.Īuction house Sotheby’s, which was handling the sale, estimated it would go for between $15M and $20M, with the proceeds going to a charity selected by the current owner.ĬonstitutionDAO had all kinds of plans, including giving it to the Smithsonian Institute and working out opportunities to buy more U.S. Most of the DAO (decentralized autonomous organizations) examples I’ve been sharing are for media companies and crypto projects. podcast, I’ve been covering quite a bit about DAOs and digital property rights for content creators. If you don’t know what I’m talking about, here are the details. Constitution, but the possibilities for the token economy are still big.