Crypto collective raises over $40M to bid for rare copy of US Constitution

There's a good chance they could win

In September 1787, the US constitution was written and signed in Philadelphia. Now over 200 years later, an organized crypto-collective is trying to buy it.

So far, ConstitutionDAO, a decentralized autonomous organization, has raised over $40 million in an attempt to bid on one of thirteen copies of the original copies of the US Constitution that are being auctioned at Sotheby’s.

As it’s a DAO, all of the money is being raised in Ethereum, so contributors can claim governance tokens, giving them the ability to vote on what happens to the document if successfully bought.

The auction is taking place today at 6:30 PM ET (11:30 PM GMT,) and Southeby’s auctioneers have estimated a sale price of up to $20m. If ConstitutionDAO wins the auction, they will partner with an organization to publicly display it, allowing people to see it in person for free.

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