Proceeds of the U.S. Constitution sale can profit the Dorothy Tapper Goldman Foundation.
The online cluster, ConstitutionDAO, has failing in its bid to get the last in private in hand, first edition print copy of the U.S. Constitution at public auction at Sotheby’s on Thursday.
"The 'Official Edition' of The united states Constitution" was instead won by an unknown bidder for $41M (or $43.2 million once auction fees), that means the DAO failing in its historic decide to place it “in the hands of The individuals.”
The news poor in an announcement on the official Discord. "While this wasn't the end result we tend to hoped for we tend to still created history tonight," the post scan.
This specific copy is one among simply 13 copies of the Official Edition of the Constitution from the Constitutional Convention. it absolutely was 1st purchased from Sotheby’s by the late assets developer S. Howard Goldman in 1988 for $165,000. His widow Dorothy Goldman place it up available this year and determined that the income can head to the Dorothy Tapper Foundation.
Project participants began to unify simply per week past as a localised autonomous organization, or DAO, to pool funds for the auction. within the hours leading up to the sale, ConstitutionDAO had raised over $49 million in Ethereum donations collected via Juicebox, a platform for community-owned Ethereum-based projects.
In exchange for donations, the 17,437 backers were issued governance tokens referred to as individuals. These don't give fractionalized possession, rather provide token homeowners the power to vote on proposals around structure, governance and operational direction.
Participants can currently be able to get a refund of their contribution via Juicebox.
(Ornella Hernandez, Cointelegraph, 2021)