ConstitutionDAO $PEOPLE

ConstitutionDAO is an innovative project that aimed to democratize the ownership of cultural artifacts through blockchain technology. Established in 2021, the organization sought to purchase one of the 13 original copies of the United States Constitution. Fundraising, bidding, and future plans for the document were conducted through the transparent and democratic framework of a DAO.

The Launch and Fundraising of ConstitutionDAO

ConstitutionDAO was launched in November 2021 with a mission to make history by purchasing an invaluable piece of American history. The DAO's decentralized framework allowed anybody to contribute to the fundraising efforts. Funds were raised through the Ethereum blockchain, allowing a wide community of crypto enthusiasts to participate.

Bidding for the Constitution

The DAO planned to take part in an auction at Sotheby's to bid for the constitution. This marked an interesting intersection of the traditional auction space and the burgeoning world of decentralized finance. The blend of old and new demonstrated the potential for blockchain technology to transform how we interact with and preserve cultural artifacts.

Plans for the Constitution

If ConstitutionDAO had been successful in its bid, the plan was to put the constitution on public display. This would have taken the idea of democratic ownership of art and history to a new level, allowing not just an elite few, but a broad community of people to claim ownership over a piece of history. Despite the outcome of the bid, ConstitutionDAO has set a precedent for future DAOs to democratize the ownership and access to cultural artifacts.