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News

ConstitutionDAO Announced That It Would Once Again Participate In Sotheby’s Auction

December 7, 2022 - Around 2 mins mins to read
ConstitutionDAO has announced that it would once again participate in the Sotheby’s auction for a copy of the United States Constitution. It used to gather up to $47 million in only seven days. However, with no token produced this time, the platform may receive a relatively smaller amount.
ConstitutionDAO Announced That It Would Once Again Participate In Sotheby's Auction

ConstitutionDAO used its official Twitter account to announce the news. The DAO stated that obtaining a copy of the US Constitution is a win-win situation for them.

ConstitutionDAO stated in November that the platform enticed individuals all over the globe to the internet due to its durability, speed, and brilliance. According to it, the participants were convinced to join the firm in order to achieve the goal of obtaining real Constitution printing at the Sotheby’s auction. It got around $40 million in funding for its objective.

Nonetheless, it was reported that the platform was outbid by billionaire Ken Griffin at the last minute. According to the platform, it did not give up after experiencing failure once. Following the first event, ConstitutionDAO stated that it had made significant efforts throughout the year.

ConstitutionDAO Announced That It Would Once Again Participate In Sotheby's Auction

The company also stated that this is their second chance to complete their purpose. Sotheby’s stated in November 2022 that the platform would only offer genuine constitution printing that was privately held.

The site then ran a Twitter vote, asking the community for permission to participate in the auction. According to the survey findings, 83.1% of respondents agreed. The ConstitutionDAO emphasized that the printing is being purchased to start a civic artefact collection run by the people.

The firm disclosed that, following the auction’s announcement, institutions and DAOs from throughout the crypto world had joined the redemption arc alliance by interacting with fundraising companies.

This year, the platform added, they are providing users with a couple of donation choices. One would be public, while the other would be secret in order to conceal the total quantity of monies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

ConstitutionDAO Announced That It Would Once Again Participate In Sotheby’s Auction

ConstitutionDAO has announced that it would once again participate in the Sotheby’s auction for a copy of the United States Constitution. It used to gather up to $47 million in only seven days. However, with no token produced this time, the platform may receive a relatively smaller amount.
ConstitutionDAO Announced That It Would Once Again Participate In Sotheby's Auction

ConstitutionDAO used its official Twitter account to announce the news. The DAO stated that obtaining a copy of the US Constitution is a win-win situation for them.

ConstitutionDAO stated in November that the platform enticed individuals all over the globe to the internet due to its durability, speed, and brilliance. According to it, the participants were convinced to join the firm in order to achieve the goal of obtaining real Constitution printing at the Sotheby’s auction. It got around $40 million in funding for its objective.

Nonetheless, it was reported that the platform was outbid by billionaire Ken Griffin at the last minute. According to the platform, it did not give up after experiencing failure once. Following the first event, ConstitutionDAO stated that it had made significant efforts throughout the year.

ConstitutionDAO Announced That It Would Once Again Participate In Sotheby's Auction

The company also stated that this is their second chance to complete their purpose. Sotheby’s stated in November 2022 that the platform would only offer genuine constitution printing that was privately held.

The site then ran a Twitter vote, asking the community for permission to participate in the auction. According to the survey findings, 83.1% of respondents agreed. The ConstitutionDAO emphasized that the printing is being purchased to start a civic artefact collection run by the people.

The firm disclosed that, following the auction’s announcement, institutions and DAOs from throughout the crypto world had joined the redemption arc alliance by interacting with fundraising companies.

This year, the platform added, they are providing users with a couple of donation choices. One would be public, while the other would be secret in order to conceal the total quantity of monies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News